The following article was written in August 2008 for The Actuary magazine. I was reminded of it by the responses to our Name and Shame Blame Game. ******************* Those working in the two fields of […]
Word on the street and common sense suggest the following short- and medium-term future for hedge funds: 1) On average hedge funds will probably have done not much better or worse than the market as […]
Very, very few people have published on the subject of serial autocorrelation (SAC) and derivatives pricing and hedging. Being a specialist in doing things that are important rather than doing what everyone else does, I […]
Oblivious closely followed by oblivion.
There are some tough decisions ahead. Not!
We all know that the relationship between credit-ratings agencies and the clients they rate is a corrupt one, reeking of moral hazard. Some of us have even laughed when told that a company is triple-A […]