Category Archives: Fund management in general
Psychic fund management
I had considered doing a satire on using astrology to do fund management. Something along the lines of Capgemini is a Pisces, perhaps. Reality seems to have beat me to the punch: http://www.thedeal.com/video/inside-the-deal/wall-streets-psychic.php Another story idea up in flames.
Posted in Fund management in general
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Elevated stock correlations
Monday’s Last Word by James Mackintosh in the FTfm states that stock correlations are very high relative to the historical record. He asserts that at least part of this is driven by passive investment — in particular people coming in and out of the market. A consequence of the high correlation is that it reduces … Continue reading
Posted in Fund management in general, Random portfolios
Tagged equity correlations, stock correlations
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