The blank check companies are raising billions in IPOs… but for how long? Here is the SPAC 101 manual: nature, popularity, ego crisis… and even options!

The blank check companies are raising billions in IPOs… but for how long? Here is the SPAC 101 manual: nature, popularity, ego crisis… and even options!
Index providers provide research with some discretion on trillions of assets. They move markets. Their errors are costly.
Should those ‘data providers’ become ‘investment advisors’? The SEC is considering it. Two academics explain why and how this should be implemented.
The ETF creation-redemption processYou can’t talk about ETFs without mentioning the creation-redemption process, which is quite unique in the fund management space. A practical exampleHere is a practical example of the creation redemption process. Let’s say that you...
How can you use ETFs? A wide diversity permits many applications.ETFs track an index, and there is a plethora of indices. Plus tracking an index is easy and can be mostly automated. Low Costs The costs of investing into an ETF are really cheap. Because you buy your...
Definition and history of ETFsIntroduction - What is an ETF An ETF is an “exchange-traded fund”, in other words, a 1933 act fund (like those you find in your Vanguard or Fidelity retirement accounts), but whose units happen to be listed on a stock exchange like a...
Goodhart’s Law: When a measure becomes a target, it ceases to be a good measure.
The Sharpe ratio has changed investor behavior. We chase the metric rather than the underlying quality it is trying to assess, and there are plenty of situations where the Sharpe is a poor metric of quality.
And there are unfortunately major losses, which keep on demonstrating the point – LTCM, AIG, Malachite…