Posts tagged 'Efficient Markets Hypothesis'

The Ira Sohn Investment Conference diversified strategy fund…

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| May 08 17:54 | Comment |

… doesn’t exist, but it would have underperformed the past year:

A Financial Times analysis of last year’s tips shows decidedly mixed results. An investor who followed every top idea from the 12 speakers last year would have made 19 per cent, less than the 22 per cent gain available from a passive index fund tracking the US stock market. Read more

Tackling the two-headed monster of efficient markets theory and the principal-agent problem

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Dec 12 2012 09:47 | Comment |

Being a traditional investor sucks, doesn’t it? You give your money to a fund manager, they charge fees and half the time don’t even outperform benchmark indexes.

Being a traditional equity fund manager sucks too. Investors give you their money, expecting you to find a stack of alpha — but at the same time they’re insisting your portfolio allocations don’t deviate TOO much from benchmarks, and getting antsy if your returns fall below trend. Read more

January effects in credit

Lisa joined FT Alphaville in September 2011 after a tour of duty through the guts of the financial industry, having worked as an analyst at a bank and for a financial data company. She's now the Head of New Projects for FT.com.

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| Feb 06 2012 20:56 | Comment |

It’s been a rather optimistic sort of January. S&P financials are finally trading above book value (but with wide variations between individual banks), junk bond issuance is full steam ahead with flows to high yield funds, and the headline S&P 500 is just 3 per cent off of its post Lehman high:

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Cash for chocolate

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Jul 19 2010 10:00 | Comment |

Oompa, Loompa, doom-pa-dee-da
If you’re not greedy, you will go far
You will live in happiness too
Like the Oompa Loompa doom-pa-dee-do.

That, by the way, is FT Alphaville’s ode to Anthony Ward (dubbed “Choc Finger” by tabloid press), manager of the Armajaro hedge fund flagship fund. That’s the fund which last week stashed 240,100 tonnes of cocoa beans, via the Liffe exchange’s biggest physical delivery since 1996 — equal to some 7 per cent of annual global production, according to the FT. Read more