By Gary Brode, Deep Knowledge Investing I’ve worked for and run a variety of different hedge funds with multiple strategies: concentrated longonly, long-short equity, long-term value, special situations, growth investing, options-based hedging, and even risk arbitrage (betting on the results of an announced but not completed merger or acquisition). The best investors have a clear understanding…
On August 12, 2022, the Commodity Futures Trading Commission (CFTC) issued a final rule modifying the CFTC’s interest rate swap clearing requirement under CFTC Regulation 50.4(a). The final rule modifies the swap clearing requirements in support of the transition from London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative rates. CFTC Regulation…
In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) 2016-13, Financial Instruments – Credit Losses, ASC Topic 326. The ASU requires entities to measure credit losses on most financial assets carried at amortized costs and certain other instruments using an expected credit loss model. The ASU also states that entities…
By Gary Brode, Deep Knowledge Investing We’ve noted two related market trends over the past few months. The first is bad economic news is good for the market. That’s because the Fed is more likely to slow rate hikes into a weaker economy. Click the link for a more detailed description. The second is the market…
By Gary Brode, Deep Knowledge Investing Tuesday evening, futures markets traded down on news that Apple was seeing lower than expected demand for the new iPhone. On Wednesday, the markets rallied with the S&P 500 up 2.0% and the NASDAQ up 2.1%. The reason was the Bank of England announced they would buy long-dated UK…
By Eric Coombs, Leo Chomiak & Garrett Van Houtteghem, Grant Thornton Whether by coincidence or consequence, the COVID-19 pandemic period was accompanied by an explosive growth in the use of decentralized finance protocols. After the total amount of value of this sector grew to 14 times its size from the start to the end of…
By Michael Patanella and Eric Coombs, Grant Thornton Many asset management firms are considering shifting significant operations away from traditional centers such as New York and Chicago and moving them to markets such as Florida, the Carolinas, and Texas. In late June, in the latest case, Citadel hedge fund manager Ken Griffin announced he is…
By Gary Brode, Deep Knowledge Investing Russia/Ukraine and the Implications for Our Relationship With Adversaries (including China). I’m speaking with three members of the Deep Knowledge Investing Board of Advisors: • Dr. John Lenczowski (President Reagan’s National Security Advisor on the Soviet Union and Founder of the Institute for World Politics) • Lt. Colonel (Ret) Jason Galui (West Point economics…
By Gary Brode, Deep Knowledge Investing At various times, there have been situations where economic news that was better than expected led to an immediate market decline, and where negative or disappointing economic news led to the market rising. This effect has been particularly pronounced this year. Ever wonder who’s benefiting from a bad economy…
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