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Finance Clippings: Why target date funds are like hotdogs.
http://financeclippings.blogspot.com/2012/02/why-target-date-funds-are-like-hotdogs.html
A Finance Professor's blog. Thursday, February 16, 2012. Why target date funds are like hotdogs. The idea pretty nicely and contains a graphic showing how the allocations might change over time. So what's not to love about target date funds? A lot actually. Ron Elmer. Has done a nice investigation of exactly what goes into one of these funds. You can read it here. As a result, at least for the target date fund that Ron looked at, the fund is heavily weighted towards new, high fee funds that have poor tra...
financeclippings.blogspot.com
Finance Clippings: January 2015
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A Finance Professor's blog. Wednesday, January 28, 2015. It just gets bigger. http:/ www.bbc.com/news/business-31016446. Wednesday, January 7, 2015. NC State Jenkins Online MBA is ranked #9 by US News. Fantastic news today. Our online MBA program is ranked #9 by US News. From the beginning, we focussed on creating a very high quality experience for our students, and it's nice to see that this focus has paid off. For details about the Jenkins MBA - check out this link. Subscribe to: Posts (Atom).
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Finance Clippings: Reform needed at the NC Pension Fund.
http://financeclippings.blogspot.com/2015/06/reform-needed-at-nc-pension-fund.html
A Finance Professor's blog. Sunday, June 14, 2015. Reform needed at the NC Pension Fund. Andy Silton has a nice piece in today's N&O. In which he criticizes the management of the state pension fund. First - the information provided by the Treasurer's office is awful. It is almost impossible to figure out where the money is invested and what the fees are and the information is always out of date. This isn't small change. The state of North Carolina pays half a billion dollars a year to Wall Street fir...
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Finance Clippings: How many active funds beat the SP 500 over the past 8 years?
http://financeclippings.blogspot.com/2015/05/how-many-active-funds-beat-sp-500-over.html
A Finance Professor's blog. Wednesday, May 13, 2015. How many active funds beat the SP 500 over the past 8 years? That's out of more than 7,000 mutual funds. Remind me again why anyone uses active management? Source: http:/ thereformedbroker.com/2015/05/12/how-many-active-mutual-funds-have-beaten-the-sp-500-in-8-consecutive-years. Subscribe to: Post Comments (Atom). Subscribe to Finance Clippings. How many active funds beat the SP 500 over the pas. Stock trading and speeding. Favorite links and blogs.
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Finance Clippings: December 2014
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A Finance Professor's blog. Friday, December 19, 2014. The efficient frontier works . in the long run. Wonderful post by Cliff Asness that shows in the short run the basic tenets of risk and return seem to get all jumbled up (bonds earning more than stocks, etc), but in the long run it all works out. Here's the conclusion it all of its finance theory supporting beauty. Wednesday, December 17, 2014. ESOP at a grocery store. Wednesday, December 3, 2014. AQR puts data library online. AQR - the investment fi...
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Finance Clippings: Do CEOs time option grants relative to stock splits?
http://financeclippings.blogspot.com/2015/03/do-ceos-time-option-grants-relative-to.html
A Finance Professor's blog. Monday, March 9, 2015. Do CEOs time option grants relative to stock splits? This post is based on a paper coauthored with Erik Devos of UTEP. And Bill Elliott of John Carroll University. To answer this question, we need a quick recap of options and splits. So given these two factoids - options are granted at the money and stock splits result in a price increase (split adjusted) - when would a CEO most likely want to get an option grant? A Before the split announcement. But the...
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Finance Clippings: May 2015
http://financeclippings.blogspot.com/2015_05_01_archive.html
A Finance Professor's blog. Wednesday, May 13, 2015. How many active funds beat the SP 500 over the past 8 years? That's out of more than 7,000 mutual funds. Remind me again why anyone uses active management? Source: http:/ thereformedbroker.com/2015/05/12/how-many-active-mutual-funds-have-beaten-the-sp-500-in-8-consecutive-years. Subscribe to: Posts (Atom). Subscribe to Finance Clippings. How many active funds beat the SP 500 over the pas. Stock trading and speeding. Favorite links and blogs.
financeclippings.blogspot.com
Finance Clippings: March 2015
http://financeclippings.blogspot.com/2015_03_01_archive.html
A Finance Professor's blog. Wednesday, March 11, 2015. CEO opportunism on the NC State research blog. I discuss my paper with Erik Devos of UTEP and Bill Elliott of John Carroll University in a guest post on the NC State research blog. Monday, March 9, 2015. Do CEOs time option grants relative to stock splits? This post is based on a paper coauthored with Erik Devos of UTEP. And Bill Elliott of John Carroll University. To answer this question, we need a quick recap of options and splits. Because a grant ...
financeclippings.blogspot.com
Finance Clippings: April 2015
http://financeclippings.blogspot.com/2015_04_01_archive.html
A Finance Professor's blog. Wednesday, April 29, 2015. It's a great quarter guys. My colleague Don shared this. Apparently, more often than not, equity analysts will tell CEOs "it's a great quarter guys". It is pretty common for "great quarter" stocks to tank shortly thereafter. Thursday, April 23, 2015. Spoofing and and herd behavior. John Cochrane (of U. Chicago) has an enlightening post about the practice of spoofing. Labels: high frequency trading. Wednesday, April 22, 2015. Silton points out that ot...
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Finance Clippings: NC Pension Fund Fees Approach $500 Million
http://financeclippings.blogspot.com/2015/04/nc-pension-fund-fees-approach-500.html
A Finance Professor's blog. Wednesday, April 22, 2015. NC Pension Fund Fees Approach $500 Million. Andy Silton does the math and reports that fees for the pension fund are approaching $500 Million. Just so we are clear here, that's $500,000,000. So what are we getting for all these fees? Apparently not a whole lot of extra performance - which is no surprise to anyone who believes that markets are pretty efficient (they are). The question we should ask then is "how much should these fees be? Department He...
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