New regulations are a sideshow.  Careful research trumps directives

Government regulations for consumer protection can be tricky.  Milton and Rose Friedman’s excellent 1980 book Free to Choose describes this brilliantly with examples full of irony and unintended consequence.  One such example is the advertisement of United States Savings Bonds in the late 1970s with the slogan: “What a great way to save!”  Read More

By: Keith Tomlinson   -  In: Commentaries   -  0   Comments

Looking for emerging market bargains

Emerging markets equities underperformed developed markets for about five years, and last year emerging and developed market equities, unusually, moved in opposite directions. Read More

By: Keith Tomlinson   -  In: Commentaries   -  0   Comments

This time is not different but the punch bowl is bigger

Event Driven hedge funds are disproportionately driving hedge fund returns in 2014 with plenty of funds up by double digits. The strategy is in fact a broad umbrella. Read More

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Have Contrarians Triumphed over Consensus?

Springtime in 2014 has been a rude awakening for some hedge funds, with some down by double digits over March and April together. The culprit has sometimes been reversals in over-crowded consensus trades. Read More

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A look-through portfolio

Anonymity and a low profile are a good idea when one comes into a vast sum of money. The story of a dealer who came across a long-lost Faberge egg worth £20 million is fantastic. Bought for scrap value, it ended up on a kitchen counter next to some cupcakes until he worked out what it was. The odds are staggering. Read More

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A perfect market for convertibles

The Economic Research Council’s Chart of the Week shows total global debt has reached $100 trillion, up from just $35 trillion in 2001. 1 Non-financial companies, ones that actually make useful things, have been a steady but small component. Read More

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