Following the APRA report from a few weeks ago, late last week Standard and Poors published a paper that wasn’t too flattering of the active side of the Australian funds management industry. The paper can be found here. Their analysis had the following conclusions: Over 5 years, the benchmarks outperformed the majority of active managers …
Category Archive: Uncategorized
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Jul 24
A unique view on Goldman Sachs
Another hilarious video…Max Keiser clearly hates the house of Sachs… Send article as PDF
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Jul 17
Financial Guru…Lenny Dykstra
This is both hilarious & tragic all at the same time… The Daily Show With Jon Stewart Mon – Thurs 11p / 10c Lenny Dykstra’s Financial Career http://www.thedailyshow.com/ Daily ShowFull Episodes Political Humor Joke of the Day and the link in case it doesn’t work is here Send article as PDF
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Jul 17
How many bank failures?
Just back from holidays with a week off…anyway…another couple of bank failures in the US…First Piedmont Bank, Winder, Georgia and BankFirst, Sioux Falls, South Dakota …theseare the 54th and 55th banks to collapse in the US since the start of this “Great Recession”. Other interesting US economic points of note… The state of Michigan (home …
Jul 05
Hedge Funds vs Banks
Whlst hedge funds have their problems, thanks to lack of transparency, high fees, etc; lets never forget that hedge funds did not cause this global financial crisis…banks did Send article as PDF
Jul 01
Is there value in inflation linked bonds?
The RBA provides daily reporting on three Treasury Capital Indexed bonds. They each mature in the month of August in 2010, 2015, and 2020 and are currently yielding 2.40%, 3.11%, and 3.02% respectively as at 30th June 2009. If we compare these Capital Indexed yields to the Treasure Fixed Rate yields for similar maturing securities …
Jul 01
US House Prices
Source: www.calculatedrisk.com I last published this chart two months ago and the trend has not abated. US House prices continue to decline and are currently around February 2003 levels. Include inflation and the housing prices are even lower. I guess some of the lessons in this include: never take increasing house prices for granted like …
Jun 30
An Argument for Global Diversification
With Australia having the second worst returns amongst the above-mentioned OECD countries this clearly shows the benefits of having a portfolio that was diversified globally during 2008. Even in the USA, the originator of the global financial crisis had better returns than in Australia. Send article as PDF
Jun 26
Paul Krugman on the GFC
Whilst the following statement from Paul Krugman is taken from a debate on how to deal with the global financial crisis and is quite a few weeks old. It still applies and is an excellent description of the current state of the Global Financial Crisis and why interest rates should stay relatively low despite massive …
Jun 24
Benchmarks
One of the things that annoys me when I’m analyising managed fund performance is their chosen bechmarks. I’m of the belief that a managed fund benchmark should have the following attributes… Investable Realistic Replicable a reflection of the fund’s investable universe Unfortunately there are numerous funds out there that have benchmarks that fail these key …