Are Investors Lazy?
The most frequent argument against requiring issuers to provide more disclosure is “investors are lazy and don’t use the information that is... Read More
Hedge Fund TCI Points Out Asset Managers’ Hypocrisy When it Comes to Disclosure
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First, it was TCW admitting asset managers had used investor funds to purchase trillions of dollars of opaque bonds they cannot value... Read More
Do Investors Know They Have Blindly Bet $3+ Trillion?
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Have asset managers told investors (the people and firms who actually put up the money) they have blindly bet the investors’ money... Read More
If Investors …
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I am frequently asked “if investors want more information, why don’t they just ask for it?”. The short answer is investors do... Read More
Wall Street Phishes for Fools, aka Confident Idiots
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One of the central themes of this blog is Wall Street’s business model of selling opaque investments. Wall Street understands everyone likes... Read More
Big Data reforming the mortgage market
While Congress debates what to do with the Fannie Mae and Freddie Mac, big data is reforming the mortgage market. It is... Read More
Quants run Wall Street
A recent Wall Street Journal article observed we have reached the time when data-driven traders dominate the financial markets. The article describes how... Read More
Ending Corporate Tax Avoidance
Norway’s sovereign wealth fund has come out in favor of companies paying taxes where the economic value of their revenue is generated... Read More
How Wall Street captures the asset management industry
Most investors don’t realize it, but Wall Street has significant leverage over the asset management industry. This leverage results from the asset... Read More
JPMorgan and asset manager conflicts of interest
Bloomberg reports JPMorgan asset management executives have been questioned by the SEC about their undisclosed policy to steer clients to in-house products.... Read More
Martin Fridson on transparency
In a Bloomberg article, money manager Martin Fridson articulated why the buy-side needs the Transparency Label Initiative™. Describing the impact of investors... Read More