Gold: A Solution for Zero-Beta Satellites
Only a few strategies seem to be providers of crisis alpha or outperformance in time of significant stress in traditional betas: gold seems to fit that definition.
Archive for the ‘Investing’ Category
The Importance of Market Structure
Future successful investing will require active political analysis and an increased level of stakeholder activism to be part of the rule-making process.
Are Financial Markets Doomed? MF Global Bankruptcy Strikes at the Core of Markets
If our financial markets cannot guarantee safety of funds deposited with brokers or banks, our economic system will fall into a dark medieval state.
The Inefficient Market Advantage
The world is messy and a more pro-active approach than the Market Portfolio Theory of the 60s is needed to build portfolios that can stand the stress of our times.
Pepperdine Private Capital Markets Survey: As Banks say “Bah! Humbug!”, Private Businesses Look to Friends and Family, Angels
As banks say “Bah! Humbug!”, private businesses look to friends and family and Angels. This batch of Fall 2010 data from the Pepperdine Private Capital Markets Project illustrates the old adage; when one door closes another opens.
Paglia Reveals Key Findings from Private Capital Markets Project
John K. Paglia, associate professor of finance and senior researcher, has been receiving a great deal of buzz over the most recent findings of the Pepperdine Private Capital Markets Project. Detailing the 2010 outlook for private capital providers and privately-held businesses, the project performs ongoing research into the true cost of capital and the behavior [...]
Beta(ful) Market Hypotheses
In my many years as a derivative trader and hedge fund manager, I forged a solid and long-lasting relationship with risk. Like a beautiful but dangerous woman, risk permeated my professional life—a constant courtship leading me to many attempts at fully understanding its mysterious ways. A never-ending effort! The theoretical foundations of risk analysis were [...]
The Danger with High Frequency Trading
Can’t see the video above? Click here to watch or read the transcript. In this video interview, Davide Accomazzo, MBA, Adjunct Professor of Finance at the Graziadio School of Business and Management, discusses the dangers of high frequency trading. This interview is a follow-up to Professor Accomazzo’s essay for the GBR blog on the same [...]
VC Firms Still Expecting High ROIs
Can’t see the above video? Click here to watch or read the transcript. In this video interview, John K. Paglia, PhD, Associate Professor of Finance at the Graziadio School of Business and Management, discusses the Pepperdine Private Capital Markets Project, which was released on July 27, 2009, in conjunction with a Los Angeles and California statewide economic forecast [...]
High Frequency Trading: The Rise of the Machines
Davide Accomazzo, MBA As a professional trader, you are confronted daily with all kinds of dynamics and situations that require a flexible and adaptive mind. You are faced with multiple variables constantly interacting with each other and your task is to process ever-changing information quickly and profitably. Valuations arbitrage, reflexive supply-and-demand dynamics, and structural changes [...]
