…evidence and a strong theory, but as far as the future goes, promises are hard to make, especially in a regulated industry like ours. But here’s an example of a…
…funds called the Primary Fund that ‘broke the buck’ after Lehman Brothers went bankrupt. In this case, the Primary Fund was holding commercial paper issued by Lehman Brothers and when…
Interest rates are low and many investors are worried about rising rates, which can hurt bond prices. As always, Wall Street has rushed to the aid of investors by creating…
…fund, in part because when Warren Buffet unwound his hedge fund in the late 1960s, he recommended that his clients go to Sequoia, which was run by his friend Bill…
…now and again, something I plan to do from time to time when I don’t have an idea (like now) on periodic Throwback Thursdays. The commentary below dates back to…
…has more than made up for the underperformance from the first year. Over the second half of the period we saw some volatility in rates, but most rates currently sit…
…be coming up in the headlines in the coming days. Perhaps we avoid another brouhaha and politicians come to their senses and do what needs to be done. We have…
…are. Of course, there are differences like REITs versus actual properties, they have different goals, time frames, balances, etc, but the fundamentals appear to be very similar to what we…
…the fund after Goldman announced that it was closing its proprietary trading unit to comply with new regulations. Part of the problem is that hedge funds have really struggled in…
…fund and then request grants to your favorite charities from the fund. Compared to direct giving, donor-advised funds are convenient because you can just make one or two contributions (of…
