Category Archives: Investment management

A Russian Paper on New Currency/International Reserve Options Finds No Magic Bullets

A recent paper in a Russian economics journal confirms that there is no simple way out of the dollar hegemony box.

“Venture Capital Funds Are Mostly Just Wasting Their Time and Your Money”

Yet more evidence that venture capital is good for the fund managers, not so much for anyone else.

Quelle Surprise! High Fee “Alternative Investments” Produce Serious “Negative Alpha” as in Underperformance as Managers Get Rich

In his latest paper, investment expert Richard Ennis continues showing how alternative investments destroy value.

Hubert Horan: Can Uber Ever Deliver? Part Thirty-Three: Uber Isn’t Really Profitable Yet But is Getting Closer; The Antitrust Case Against Uber

Hubert Horan takes another hard look at Uber financials and finds much not to like.

Wolf Richter: End of Easy Money: Financial Conditions Loosen Again for Junk-Rated Companies. But Some that Long Teetered Finally Go Over the Bankruptcy Cliff

Tightening is a slow process, and there is still a flood of excess liquidity chasing after yield.

Central Banks, Green Finance, and the Climate Crisis

The tough policy choices ahead for confronting the climate crisis.

CalPERS Refuses to Spend $1 Million, or $1.30 Each, to Prevent Sale of Personal Data of 770,000 Beneficiaries on Dark Web

How CalPERS is inexcusably throwing nearly 800,000 beneficiaies under the bus in a massive data heist.

Mammoth RICO Lawsuit Targets Credit Suisse, Many of its Directors and Execs, and KPMG for Over a Decade of Fraudulent, Reckless Conduct

Credit Suisse, or more accurately, buyer UBS, some execs/board members, and KPMG are targets in a monster RICO suit.

Eurobanks and London Firms Insist Very Bad Things Will Happened if Euro Derivatives Clearing Moves to Continent

anks and loser clearinghouses are complaining about a (long) planned derivatives relocation to Europe. But is this mainly special pleading?

Plunder: Private Equity’s Plan to Pillage America

Brendan Ballou talks to Rob about his forthcoming book, Plunder, about the growing harmful role of private equity in the US.

Are Oil Stocks Too Good For ESG Investors To Pass Up?

“Environmental, social, and governance” investors ditch the make-believe, but it was fun while it lasted.

Were the Bank Bailouts the Result of Rising Wealth Concentration?

Are many of the explanations of the recent bank tsuris barkign up the wrong tree?

Satyajit Das: SVB Collapse and Bank Turmoil – Latest Chapter in the Unwinding

Peeling back more layers of the SVB implosion and its broader implications.

Silicon Valley Bank Fails, With Deposits of Many Venture-Backed Companies Frozen. How Bad Will the Fallout Be?

How severe might the contagion from the Silicon Valley Bank failure be? And who will suffer most: tech land or other banks?

Losing Out in Critical Technologies: Cisco Systems and Financialization

Cisco turned from innovation to financialization, weakening the position of the US information-and-communication-technology industry