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20 June 2014

Linkfest: Yellen, inflation hawk? The cult of ‘disruption’; ‘High Times’ comes to Wall Street

By Druce Vertes, CFA

Today’s most shared: Yellen as hawk. Is inflation ticking up? Should the Fed hold onto its balance sheet as a lever of policy? A classic game of chicken between Argentina and ‘vultures’ led by Elliot Management. Clay Christensen responds to … Read more

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19 June 2014

Linkfest: Fed taper on track; Argentina default looms; Hedge fund hackers; Goldman trader sues over bonus

By Druce Vertes, CFA

Today’s most shared: Fed stays on taper track despite downbeat growth. Argentina says next debt payment ‘impossible.’ Large hedge fund reportedly successfully targeted by hackers. Goldman Sachs trader who was paid $35m over six years sues over too-small bonus, details … Read more

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18 June 2014

Linkfest: Day of reckoning for Argentina and ‘vulture funds;’ China’s leader divests business empire; Fed day

By Druce Vertes, CFA

Today’s most shared: Argentina vows to fight ‘vulture’ funds, struggles to avert default. Will US decision empower holdouts and imperil future sovereign debt restructurings? China’s leader divests business empire. China metal trader that borrowed $2b may have pledged same collateral … Read more

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17 June 2014

Linkfest: Insider trading epidemic? Fear of bond contagion spurs market reform push; A CPI surprise for the FOMC

By Druce Vertes, CFA

Today’s most shared: Study of stock options finds evidence of widespread insider trading. Liquidity mismatch: Investors reach for yield, use bond funds as bank accounts. Will a rise in interest rates and losses trigger a run on the bond market? … Read more

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17 June 2014

Premature Selling Is Tough but Beneficial

By A. Michael Lipper, CFA
A. Michael Lipper, CFA

The vast majority of investment literature for professionals is about smart buying. Most professional investors pride themselves on their timing of purchases and thus focus on current conditions. While nothing in the art form of investing is easy, buying correctly … Read more

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16 June 2014

Linkfest: Liquidity drought; China debt grows as West struggles under debt load; Demographics of the ultra-rich

By Druce Vertes, CFA

Today’s most shared: Calm before the storm? Liquidity drought may foreshadow volatility in bond markets. China debt surpasses US, as Europe still grapples with debt overhang. The rich are all different: a varied picture of the ultra high net worth … Read more

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13 June 2014

Linkfest: Your broker doesn’t want to be your fiduciary; Restacking the building blocks of crisis? CEO pay

By Druce Vertes, CFA

Today’s most shared: Brokers fight fiduciary duty standard. Restacking the building blocks of a financial crsis? CEO pay at top US firms rose 937% over 25 years, inflation-adjusted, while average worker pay rose 10.2% Is there less to John Hussman’s … Read more

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12 June 2014

Linkfest: Bubbles in bonds, housing? Slower growth new normal; How smart is ‘smart beta?’

By Druce Vertes, CFA

Today’s most shared: Signs of a top? Junk bond offers free burritos every week; CLOs regain popularity; World’s top distressed investor cuts size of fund, citing limited opportunities. In a world where Iraq bonds yield 7%, what do fixed-income investors … Read more

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11 June 2014

Linkfest: Fed to keep big balance sheet; Yellen’s dashboard; Mendillo exits Harvard, stakes summa claim

By Druce Vertes, CFA

Today’s most shared: The Fed signals its intention to limit bond sales to avoid spooking markets. Instead, it plans to borrow against its bonds to drain cash liquidity, raise the rate it pays banks on excess reserves to keep them … Read more

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10 June 2014

Linkfest: Stretch for yield; Buffett likes wind, solar; Low VIX reflects the recent past

By Druce Vertes, CFA

Today’s most shared: “Stretch for yield,” the scariest words in the bond lexicon. Buffett bullish on wind, solar investments. The VIX is low, but that doesn’t mean you should buy it. Dark pools probed over disclosures, handling of sensitive customer … Read more

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All posts are the opinion of the author. As such, it should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute or the author’s employer.

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