Tuesday, February 9, 2010
Lies of Capital Lines
By Kirill Ilinski, Fusion Asset Management and Alexis Pokrovski, Laboratory of Quantum Networks, Institute for Physics, St-Petersburg State University
In their paper they examine in detail the qualitative effects caused by the investors' sensitivity to mark-to-market and price of liquidity. They find that by chasing returns and prompting investment managers to deliver unsustainable performance, the investment community damages its own chances through a greedy search for yield.
Download the full article here.
From the February 2010 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.
In their paper they examine in detail the qualitative effects caused by the investors' sensitivity to mark-to-market and price of liquidity. They find that by chasing returns and prompting investment managers to deliver unsustainable performance, the investment community damages its own chances through a greedy search for yield.
Download the full article here.
From the February 2010 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.
Labels: Barclay Insider Report, Barclay Insider Report Guest Article, hedge fund performance, hedge funds
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