by Jacques Lemoisson | Feb 27, 2021
Let me be clear about ETF. ETF should stay a passive investment vehicle. I started to build asset allocation via ETFs 15 years ago for Pension and Insurance funds. I always advocated that “smart” beta ETF could be dangerous, misleading investors in a kind...
by Jacques Lemoisson | Feb 7, 2021
Renaissance’s Institutional Equities Fund, the biggest of the external vehicles, lost 19% in 2020, the letters show. That fund got the biggest chunk of the redemptions. The Institutional Diversified Alpha fund dropped 32% and the Institutional Diversified Global...
by Jacques Lemoisson | Jan 31, 2021
According to Morgan Stanley’s prime brokerage, the drop in hedge funds’ exposure last Wednesday was historic, according to a rule of thumb for a normal distribution of statistical data. At 11 standard deviations away from the mean in data going back to 2010, this...
by Jacques Lemoisson | Jan 29, 2021
Today is the last of the month and of course, some flows could induce noises. Anyway, 4 banks sent $1bn of cash to Robinhood. The trading platform will resume trading on the most shorted stocks, increasing pain trades to the Hedge Fund community and therefore on...
by Jacques Lemoisson | Jan 28, 2021
Lots of people are talking, posting, and tweeting, but sometimes, we need to look into the mirror what we wrote. The Global Macro Insight is only available via subscription for good reasons, and the main one is added value. I just listed what your scribe wrote into...
by Jacques Lemoisson | Dec 29, 2020
As usual, the goal of this document is to propose answers to the main questions over 2021. Global economic growth: Rapid catch up (effective vaccines?) or “Groundhog Day” infection? Biden: Post-Trump Era complete shift or simple transition? The USA is back in the...
