Calm Before the Storm?

By | August 31st, 2016|Advisor Insights|

Any idea what the “Greenspan Put” might be? No? Well here are a couple of hints: Greenspan refers to a rather loquacious former Fed Chief named Alan; "put" refers to contractual obligation giving its holder the right to sell an asset at a particular price. So what do you get when you put the two [...]

No Legg to Stand On

By | August 17th, 2016|Advisor Insights|

There’s not that many long-running relationships on Wall Street to begin with, and now there’s one less. Last week, Bill Miller, the Legg Mason manager made famous by beating the S&P 500 from 1991 to 2005, is leaving the Baltimore-based money firm after 35 years. The breakup is somewhat anticlimactic, of course, since Miller’s good [...]

Rhymes With Utopian

By | August 3rd, 2016|Advisor Insights|

So, what do you do when you’ve made a billion dollars trading other people’s money and the regulators have barred you from trading other people’s money? Here’s an idea: Start trading other people’s ideas. Quantitative investing is the process of choosing potential investments based purely on statistical measurements True enough, the infamous Steven A. Cohen, [...]