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Senior Analyst
AMRS
Director of Marketable Alternatives
Westwood, Boston-Area, United States
Intelligence Analyst
AMRS
The Bigger They Are, The Harder They (Should) Fail
Ron Resnick, a co-founder of the financial consulting firm CounselWorks, offers this view of the JPMorgan trading loss:
Quick Course: 140 Years of Panics and Policy
Should a lender of last resort lower interest rates to near zero in the hope that liquidity will drown systemic sorrows? Bagehot argues for a contrary approach. The interest rates for loans made to desperate borrowers should be high. “This will operate as a heavy fine on unreasonable timidity, and will prevent the greatest number of applications by persons who do not require it. The rate should be raised early in the panic, so that the fine may be paid early…."
Financial Analyst Fellow
Washington, DC, United States
Pensions, Inflation and Longevity Risk
The phrase “hybrid pension system,” as you might expect, refers to systems that can be categorized neither as defined contribution nor as defined benefit simply. This may involve for example risk sharing amongst employees, within or between generations of recipients, in the context of a collective defined contribution (CDC). The essential argument of this study, by Samuel Sender, Applied Research Manager at EDHEC, is that demographics will push both DC and DB plans to hybridize.
Investment Banking
AMRS
The Obvious Place to Look for Stable, Consistent Returns: African Trade Finance
by Doug Friedenberg
We had the good fortune whilst we were in London to make the acquaintance of Nicolas Clavel, chief investment officer of Scipion Capital, a hedge fund that invests in financing imports and exports. Not just any imports and exports, mind you. Imports and exports of commodities related to Africa.
We asked Nicolas about [...]
Trader
Houston, TX, United States
Alpha Hunters: A Conversation with Peter Stein
New columnist Charles Skorina interviews Peter Stein, veteran alternative investments professional.
