http://www.sifma.org/workarea/downloadasset.aspx?id=8589936887
There's a lot wrong with this report about how Dodds-Frank could reduce liquidity in the US Corporate Bond market, but I don't have time to write it up. People can contact me if they want to discuss.
As an example - is it really feasible to have a 10% m-t-m effect if Dodd-Frank is introduced because bond prices will drop because of less liquidity? I suppose you get the report you pay for.
Thursday, January 19, 2012
Sunday, January 15, 2012
Hedge Fund returns
Buttonwood at The Economist has an interesting comment on hedge fund returns. A recent study shows that hedge funds that don't publish their returns have a much lower average return than those who do. Who would have thought that?
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