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GPUs, Monte Carlo Simulation and Kooderive with Professor Mark Joshi - February 25-27th, London, UK - Further Information

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The Financial Services Club wrote a new blog post titled The three things you need to be a Digital Bank
As mentioned last week, I delivered a keynote at the DreamForce conference.  As it has been shared online, I’ll share it here. The slides … Digital bank latest - october from Chris Skinner The video (my bit starts at 10m33s) … If you can’t see it easily, the summary is this (taken from the review of my book Digital Bank by Nick Miller, CEO of Clarity Advantage: “[E]very single one of the 7 billion people living on the planet can now communicate, share, transact, and trade with each other electronically, one-to-one, globally… [This] is the reason why … data is the new...
52 minutes ago
The Reformed Broker wrote a new blog post titled Larry Swedroe: Use Valuations for Expected Returns, Not Market Timing
Yesterday I linked to Larry Swedroe’s excellent piece on asset allocations and valuation at ETF.com. I wanted to pull out the most salient point here because I think it’s so crucial for investors to understand. The debates about CAPE and valuation that rage constantly in the media usually center around a “should you buy or sell”......
6 hours ago
Quantitative Finance at arXiv wrote a new blog post titled 4-Factor Model for Overnight Returns. (arXiv:1410.5513v1 [q-fin.PM])
We propose a 4-factor model for overnight returns and give explicit definitions of our 4 factors. Long horizon fundamental factors such as value and growth lack predictive power for overnight (or similar short horizon) returns and are not included. All 4 factors are constructed based on intraday price and volume data and are analogous to size (price), volatility, momentum and liquidity (volume). Historical regressions a la Fama and MacBeth (1973) suggest that our 4 factors have sizable serial t-statistic and appear to be relevant predictors for overnight returns. We check this by using our...
7 hours ago
Quantitative Finance at arXiv wrote a new blog post titled Conditional Preference Orders and their Numerical Representations. (arXiv:1410.5466v1 [q-fin.EC])
This work provides an axiomatic framework to the concept of conditional preference orders based on conditional sets. Conditional numerical representations of such preference orders are introduced and a conditional version of the theorems of Debreu about the existence of such numerical representations is given. The continuous representations follow from a conditional version of Debreu's Gap Lemma the proof of which is free of any measurable selection arguments but is derived from the existence of a conditional axiom of choice.
7 hours ago
Quantitative Finance at arXiv wrote a new blog post titled Risk diversification: a study of persistence with a filtered correlation-network approach. (arXiv:1410.5621v1 [q-fin.PM])
The evolution with time of the correlation structure of equity returns is studied by means of a filtered network approach investigating persistences and recurrences and their implications for risk diversification strategies. We build dynamically Planar Maximally Filtered Graphs from the correlation structure over a rolling window and we study the persistence of the associated Directed Bubble Hierarchical Tree (DBHT) clustering structure. We observe that the DBHT clustering structure is quite stable during the early 2000' becoming gradually less persistent before the unfolding of the 2007-2008...
7 hours ago
Quantitative Finance at arXiv wrote a new blog post titled The Precautionary Principle (with Application to the Genetic Modification of Organisms). (arXiv:1410.5787v1 [q-fin.GN])
We present a non-naive version of the Precautionary (PP) that allows us to avoid paranoia and paralysis by confining precaution to specific domains and problems. PP is intended to deal with uncertainty and risk in cases where the absence of evidence and the incompleteness of scientific knowledge carries profound implications and in the presence of risks of "black swans", unforeseen and unforeseable events of extreme consequence. We formalize PP, placing it within the statistical and probabilistic structure of ruin problems, in which a system is at risk of total failure, and in place of risk...
7 hours ago
All About Alpha wrote a new blog post titled Hedge Funds: Good Run for India, but Troubles in Brazil
India accounts for much of the positive showing of Asia ex-Japan in the hedge fund world YTD. That positive showing, in turn, may be attracting asset flow.
8 hours ago
Tales from a Trading Desk wrote a new blog post titled Definition of Ready
You’ll always hear about the Definition of Done (DOD) from agile teams.  However, what is not so often discussed is Definition of Ready (DOR) – sometimes referred to as DevReady in various organisations. Fabrique’s SXSW 2013 slide deck (53) offers a view of DOR.   The Agile Alliance crystallises why DOR is important: Avoids beginning work on features that do not have clearly defined completion criteria, which usually translates into costly back-and-forth discussion or rework Churn during iteration due to imprecise requirements is often the by-product of not having a strict...
10 hours ago
The Reformed Broker wrote a new blog post titled Chart o’ the Day: Not All Sectors Bouncing Equally
I put together a quick and dirty chart look at S&P sector ETFs for context surrounding the recent bounce… The blue lines in the charts below represent each sector SPDR’s 20-day moving average while the red lines represent the 50-day. In these two-month charts at a glance, we see that Utilities and Staples have been......
12 hours ago
The Reformed Broker wrote a new blog post titled The Riskalyze Report: Dash for Cash
Welcome to week 3 of my new recurring feature, The Riskalyze Report. My friends at Riskalyze have offered me the opportunity to see which stocks and funds advisors all over the country are adding to their clients’ accounts and which ones they’ve been selling. Each week I’ll present you with the top three buys and sells......
12 hours ago
The Reformed Broker wrote a new blog post titled Poster Children
IBM, Coca-Cola and McDonalds are three of America’s largest corporations and most well-known brands. They are true multinationals in every sense of the word and they dominate their industries both at home and abroad. They are numbers 23, 58 and 106 on the Fortune 500 list, respectively. Together, they make up 12 percent of the......
12 hours ago
The Reformed Broker wrote a new blog post titled Hot Links: Rumor Has It
What I'm reading this morning ...
12 hours ago
FINalternatives wrote a new blog post titled Morgan Stanley Vet Launches Argentina Fund
Morgan Stanley vet Daniel Melhem aims to raise $150 million for a hedge fund focused on Argentinian securities. read more
13 hours ago
FINalternatives wrote a new blog post titled Paulson Urges Allergan To Merge With Shire
If Paulson & Company has its way, two headline-making companies could become one. read more
13 hours ago
FINalternatives wrote a new blog post titled Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession
Nouriel RoubiniIn the second half of our interview with Nouriel Roubini, FINalternatives editor-in-chief Deirdre Brennan speaks with the renowned economist about IMF policies, the risk posed by shadow banking systems, and the possibility of a hard landing in China. "Our view at Roubini [Global Economics] is that there are two extreme views about China and they’re both wrong," he says. "So our baseline has growth this year is barely above 7% reaching 6.5% by next year and 5.5% by 2016. Now 5.5% is not a real hard landing, but it’s not a soft landing." read more
13 hours ago
FINalternatives wrote a new blog post titled Denmark To Monitor Pensions' Use Of Hedge Funds
Denmark is cracking down on risk-taking by pension funds. read more
13 hours ago
FINalternatives wrote a new blog post titled PE Specialist Ryder Joins Kirkland & Ellis
Douglas Ryder has joined Kirkland & Ellis as a corporate partner in the New York office. read more
13 hours ago
FINalternatives wrote a new blog post titled GAM Holdings AUM Hits US$80B In Q3
New money and a stronger U.S. dollar helped boost GAM Holdings' assets under management to CHF 75.6 billion (US$79.7 billion) in Q3 2014. read more
16 hours ago
FINalternatives wrote a new blog post titled Hedge Fund Redemption Requests Fall In October
Investor redemption requests ebbed in October: The SS&C GlobeOp Forward Redemption Indicator for the month measured 3.12%, down from 3.25% in September. read more
16 hours ago