Tag Archives: investment
World’s Biggest Pension Fund Fears “Mishandling Of Reverse QE”, Expects Google/Amazon To Become Asset Managers
Japan’s GPIF is the elephant in the room when it comes to investing with about $1.4 trillion of pension assets under the management. In October 2014, the fund announced a dramatic shift in its asset mix, cutting its holdings in domestic bonds to 35% from 60%, increasing international bonds from 11% to 15%, increasing domestic […]
Bank Of America: “This Is The First Sign That A Bubble Has Arrived”
Lately, fund flow data has all the credibility of a NYT presidential poll two days before the Trump defeats Hillary. On one hand, you have Lipper reporting that investors pulled $16.2bn from U.S.-based equity funds in the past week, the largest withdrawals since December 2016. The same Lipper also reported that taxable-bond mutual funds and […]
Bloomberg Pronounces The Early Death Of The Traditional Long-Short Hedge Fund Model
Bloomberg has apparently just taken it upon itself to pronounce the early, unceremonious demise of the traditional Long/Short Hedge Fund model after seemingly declaring that stocks will continue to march higher in perpetuity, with minimal volatility, thus rendering traditional financial analysis and stock picking about as obsolete as a Motorola pager from 1982. Of course, […]
Eric Peters: Today’s Opportunities Include Negative Convexity, Complexity, Illiquidity, Leverage, Or All The Above
From the latest Weekend Notes by Eric Peters, CIO of One River Asset Management Anecdote “What are the odds we come across an opportunity in the coming 4yrs to earn 20%?” the investor asked his team. “High,” they answered. “The odds are 100%,” he said, having seen this movie a few times. “So our cost […]
Everyone In The (Stock Market) Pool?
Via Dana Lyons' Tumblr, The percentage of households’ financial assets currently invested in stocks has jumped to levels exceeded only by the 2000 bubble. Updating one of our favorite data series from the Federal Reserve’s latest Z.1 Release, we see that in the 3rd quarter, household and nonprofit’s stock holdings jumped to 36.3% of their […]
One Of Bank of America’s “Guaranteed Bear Market” Indicators Was Just Triggered
It is undisputed that the last 2 quarters have demonstrated an impressive jump in corporate earnings growth, if mostly due to a beneficial base effect from plunging 2016 earnings which pushed them below levels reached in 2014. And naturally, this rebound has been more than priced into a market which has seen substantial multiple expansion […]
Earnings Don’t Matter After All!
Via The Knowledge Leaders Capital blog, Our long-time readers are familiar with the work of Professor Baruch Lev of the NYU Stern School of Business, whose research forms the basis for the Knowledge Leaders investment strategy. In his decades-long study of financial records, Lev first discovered a link between a firm’s knowledge capital and its […]
Hedge Funds Start To Panic As Tech Wreck Continues
The overnight exuberance in US equity futures is extending for The Dow, but most notably – Nasdaq now back underwater from before ABC's fake news Flynn story on Friday… Across asset classes – the unwind of Friday's panic moves is complete, but the rotation out of tech is clear… Semis are getting slammed… […]