The Maiden Lane Auctions have closed today with some o the largest banks in America winning parts of the Assets once owned by Bearn Sterns and AIG. The biggest... Read More

As the cost of beta and passive investment funds has plunged the past few years and the performance of active investment managers has continued to deteriorate, passive investment funds... Read More

When will rising consumer debt start holding back economic growth? As consumer debt levels reach records, answering this question should be a priority for US policymakers if they want to... Read More

New York Attorney General Eric Schneiderman announced Tuesday a broad investigation into whether US exchanges and alternative venues such as dark pools provided high frequency trading firms unfair advantages. ... Read More

Forbes Revalues Elizabeth Holmes' Net Wealth At Zero Two years ago, private investors purchased stakes in Elizabeth Holmes’ blood testing start-up Theranos, at a price that implied a $9 billion... Read More

China's Stock Markets And Revisiting 2011 Predictions by Michael Pettis' China Financial Market I plan to post a new entry very soon but before doing so I wanted to say... Read More

In his 2018 year-end letter to investors, Baupost founder Seth Klarman didn’t hold back when it came to criticizing US President Donald Trump. In particular, he indicated that "unbiased... Read More

Fraud can be extremely difficult to spot. If someone you’re used to working with and have come to trust starts fudging the numbers, you might not realize that you... Read More

Quant Trap saved P&L for hedge funds? That is a new interesting story from one of our favorite analysts. The incorrect consensus view that a Donald Trump victory would lead... Read More

Major U.S. bank CEOs met with President Barack Obama today, asking him to find a way to end the current political standoff before the nation’s debt ceiling is reached... Read More