Category Archives: Finance and Investments

On hedge fund start-ups

HF Start-Ups: Think Like An Owner Jun-16-2008 | Source: Hedge Fund Start-Up Survival Guide The best part of creating a new hedge fund may be the entrepreneurial spirit of the endeavor, yet that very mindset can result in a host … Continue reading

Posted in Clippings, Finance and Investments | Leave a comment

Institutional Investor ranks Brazilian money managers

Institutional Investor just published rankings of Brazil’s largest money managers: Banco do Brasil Administradora de Ativos in Rio de Janeiro, with $112.7 million in assets under management, captures the top spot in the Brazil 20, Institutional Investor‘s inaugural ranking of … Continue reading

Posted in Clippings, Finance and Investments | 2 Comments

Suspicious activity on the rise

From Compliance Reporter: Financial institutions filed a record number of suspicious activity reports last year, according to data released by the Financial Crimes Enforcement Network. Between them, all firms covered by Bank Secrecy Act reporting requirements filed 1,250,439 SARs in … Continue reading

Posted in Clippings, Finance and Investments | Leave a comment

Avinash Persaud on financial regulation

I finally got around to finding Avinash Persaud’s article at VoxEU.org that I read, liked, but forgot to bookmark…

Posted in Clippings, Finance and Investments | Leave a comment

A Portugese bet on American wind

From Institutional Investor: Riding on the Wind António Mexia, CEO of Energias de Portugal, has no delusions of grandeur. By European standards, the Portuguese utility is, he acknowledges, “an average company.” With a $23.8 billion market capitalization, EDP is a … Continue reading

Posted in Clippings, Finance and Investments | Leave a comment

Class action finally meets 401(k)

From Institutional Investor: 401(k) Sponsor Hit for Pushing Own Funds 13 May 2008 Jinny St. Goar A recent court ruling encourages sellers to beware. Seller beware: That’s the message a recent court ruling sends to the sponsors of 401(k) retirement … Continue reading

Posted in Clippings, Finance and Investments | Leave a comment

Articles on real options

Copeland, Thomas E., and Philip T. Keenan, “Making real options real,” The McKinsey Quarterly, August 1998. Damodaran, Aswath, The Promise and Peril of Real Options (working paper). Fernández, Pablo, “Valuing Real Options: Frequently Made Errors” (working paper, June 26, 2001).

Posted in Business, Clippings, Finance and Investments | Leave a comment

Enhancing the value of a multinational company

A question asked privately: What can a multinational company do to enhance its value? Mathematically, the value of equity P is determined by earnings E and the “fair” (in investors’ collective opinion) price-earnings multiple P/E: P = E * (P/E) … Continue reading

Posted in Answers, Business, Finance and Investments | Leave a comment

Presidential inauguration and the stock market

A question asked privately: After the inauguration of Russian president-elect Dmitry Medvedev, the Russian stock market rose by 200+ basis poins over a single day. Was this a significant reaction? Let’s look at it numerically. Here’s the daily history of … Continue reading

Posted in Answers, Business, Finance and Investments | Leave a comment

An ETF hedge fund?

From Institutional Investor: Calif. Firm Preps ETF Hedge Fund May-01-2008 | Source: Alternative Investment News Hermosa Capital Management is preparing the summer launch of a long/short hedge fund called Hermosa Capital Fund to invest in exchange-traded funds, FINalternatives reports. The … Continue reading

Posted in Business, Clippings, Finance and Investments | Leave a comment