• Shorting U.S. Treasuries, a Historic Sucker Bet
    MKC_Global
    03/11/2010 - 19:24
    The immensely popular investment idea, namely to short U.S. Treasuries, may be the largest sucker bet in many, many years. Instead, buying longer duration government bonds (U.S, European or Japanese) before the final stage of an epic 30 year bull market could prove to be one of the smartest trades of the last decade.
  • Return of the Pension Fund Fudge?
    Leo Kolivakis
    03/11/2010 - 23:59
    The UK National Association of Pension Funds has called for an overhaul of accounting rules that govern the disclosure of company retirement liabilities, arguing that these are intellectually flawed and partly to blame for the widespread closure of schemes. The move is hugely significant, not only for the UK but around the globe. The UK led the big revolution in pension fund accounting over the past 10 years to value assets and liabilities of a scheme at a snapshot of current market values.

Hedge Fund Industry 2010 Outlook: The Bull Case

Tyler Durden's picture
Submitted by Tyler Durden on 02/08/2010 12:15 -0500



Moody's provides a complimentary report of its 2010 hedge fund outlook (if it is being given away for free you can imagine the pent up demand for this particular bullish case). Of course, should Moody's global economic models again Ref out courtesy of some negative output, we expect this report to be about as valuable as a 14 pages of single ply 30 Y Treasuries in 2040. It almost comes through when Moody's warns "Another systemic shock or reputation damage caused by a large-scale failure may have knock-on effects on investor confidence and, if sufficiently severe, could undermine the foundations of the recovery." So we are right if we are right, but if something changes in the permabullish groupthink of which we are so fond, we are wrong. Read at your own peril. Pretty charts though.

Full report.

 

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by Daedal
on Mon, 02/08/2010 - 12:30
#222251

Blanket statements predicated on baseless assumptions, heavily seasoned with equivocation. Nothing compelling here whatsoever.

by Missing_Link
on Mon, 02/08/2010 - 12:53
#222278

...  brought to you by one of the ratings agencies that underwrote the 2008-09 MBS crisis, no less.

I shall print this out on soft paper and wipe my hindquarters with it.

by Anonymous
on Mon, 02/08/2010 - 13:22
#222301

Nice letter head, blue is said to inspire confidence

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