Monthly Archives: July 2010

Heard on the Street: Private Equity’s Appetite for Seconds – WSJ.com

Private equity now favors a second bite at the buyout. This year, 35% of private-equity purchases have been "secondary buyouts," when one financial buyer sells to another. That's the highest level in at least a decade, says Dealogic. via online.wsj.com

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Bad News about Correlations in the Markets

FT: 7/23: Investors Face a World of Correlation Perhaps more startlingly, correlations are even increasing at the level of individual stocks. This week, the Financial Times reported that the correlation between individual US stocks is now higher than it was … Continue reading

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A Generation of Overly Optimistic Equity Analysts

McKinsey Qtrly: A generation of overoptimistic equity analysts  

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Quick Summary of Dodd-Frank Bill

WSJ: Interactive Graphic: What's in the Bill? WSJ: Gradng the Bill – Paulson, Gross, Roubini See the grades that financial luminaries give the bill.  Average:  C

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Artificial Intelligence Beats the Markets

WSJ: Letting the Machines Decide One upstart in the AI race on Wall Street is Rebellion Research, a tiny New York hedge fund with about $7 million in capital that has been using a machine-learning program it developed to invest … Continue reading

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Current State of Private Equity

Download 2010-6-9 Knowledge Wharton Private Equity Private equity investors saw record yearly earnings in the boom years of 2005 to 2008 as easy access to financing led to ever-larger leveraged deals. Then it all came to a halt with the … Continue reading

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Correlations Highest Since 1987

And you know what that means.   WSJ: The Herd Instinct Takes Over The market's flock-like behavior is one more reflection of the growing influence of investors using broad-based strategies to buy and sell large blocks of stocks. Instead of … Continue reading

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