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.
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 [...]
New columnist Charles Skorina interviews Peter Stein, veteran alternative investments professional.
By Ron S. Geffner, Partner, Head of Financial Services, Sadis & Goldberg LLP
On April 5, 2012, President Obama signed the Jumpstart Our Business Startups Act, H.R. 3606 (“JOBS Act“). The JOBS Act requires the Securities & Exchange Commission (“SEC“) to revise existing rules to implement many of the provisions of the JOBS Act. This article [...]
Quite aside from the neat through-the-planet short-cuts they might allow: how fast is a neutrino? This turns out to be a very controversial matter. Last year, scientists working at CERN set off weeks of feverish speculation with reports indicating that neutrinos travel faster than light. If I understand this at all, it would mean if true that a New York or London trader could in theory accept a Tokyo trader’s offer before the offer had actually been made. Now that would be the ultimate in HFT: negative latency.