gordon

Opinion

Violins and wind – how investment banks change their tunes

As the developers of investment products keep coming up with more and more diverse ideas, the correlations between underlying markets are getting closer. Alpha is getting harder to find particularly since the credit market crunch of last August. The recent volatility has hit two of the major elements of returns: momentum and the small-cap effect. […]
Opinion

Violins and wind – how investment banks change their tunes

As the developers of investment products keep coming up with more and more diverse ideas, the correlations between underlying markets are getting closer. Alpha is getting harder to find particularly since the credit market crunch of last August. The recent volatility has hit two of the major elements of returns: momentum and the small-cap effect. […]
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