This might be an example of the downside, albeit even in this case there are important caveats that people have pointed out... There's a plethora...
It's not the BoJ. It's the various Japanese investors who recycle JPY they get from the BoJ into various foreign assets, such as Treasuries.
Well, I shirley hope not...
This isn't entirely correct... Firstly, the $160bn AUM is split roughly 50/50 between Pure Alpha and AllWeather. Secondly, the above description...
If you wanted to be charitable to the HF community, you could say that, oftentimes, the art isn't in finding what to buy/sell, but in finding when...
No, just no...
Fundamentally, what you ask is impossible, by construction... There is NOTHING you can do, because this is the nature of the option contract and...
Cash isn't particularly expensive... All sorts of vol is pretty cheap. Nobody wants nether of 'em.
It's very expensive, but peeps love it...
Yeah, I guess you have to price in the risk of your collateral being valued at 0 at the time of default...
Thank you for the numbers... To be honest, I've looked at some aircraft lease-related investments that had attractive yields, especially given...
You don't get positive carry from thin air. You get positive carry for taking FX risk.
The numbers quoted were kinda interesting... Apparently, the jet costs $300mm to purchase and can be rented for $74k/hr. Assuming that this is...
I meant cumulative prem received was arnd $5 - 6mm...
Bigly flows, buyers of duration...
You might be thinking of Ruffer, the famous "Mr Fiddy"... I don't think he's the guy behind this concoction. And it was definitely a short put...
Well, people in Eastern Europe tried to do this with their mortgages by borrowing Swiss franc... It didn't end well. There are lots of risks...
This is an old trade, which has been already rolled once. There's a whole older thread on it. The "massive volume" due to this position being...
I think that's kinda been my point as well. If you're stressed (especially, chronically), it's reasonable to expect that you might soon be dead....
To be fair, the fact that DoucheBank was able to get away with the sort of blatant skullduggery described in the article on such a grand scale was...
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