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Collateralized loan obligations from the Great Recession of 2007-2009, part of it is what causes the booms and busts. It is interesting to me, it's almost unbelievable really that you can be someone who is giving financial advice, but you are not legally obligated to put their best interests first. William Bernstein: Exactly.
Additionally, expenses were lower and include a reduction in legal reserves. Retail outflows of 600 million were driven by subadvised equity strategies and mutualfunds and were partially offset by positive momentum in public fixed income. Institutional outflows of $8.9 On a year-to-date basis, we generated $17.1
This effectively collateralizes the cash value of the policy. With a home equity line to collateralized your house. And then the house, hopefully appreciates irrespective of the fact that it… As collateral against it, same deal with Anil, you’re collateralized your cash value, you’re taking that loan.
Brian Higgins has put together a amazing track record handling distressed and stressed debts, as well as other forms of credit real estate collateralized obligations. You know, mutualfunds were very siloed and, and now they’re, they’re a bit wider mandates. King Street is a fascinating firm. It was formed in 1995.
Are most people better off in an index fund than playing with an active manager, be it mutualfund or high fee hedge funds? SEIDES: John Yeah, I said back then, the bet started in 2007 and I say today, being in the market and investing in hedge funds is completely apples and oranges. Was Warren Buffett right?
I mean, at first, I got out of undergrad, and a degree in finance coming out of a small college at the time, Quinnipiac College, the gigs I was offered were essentially customer service jobs at mutualfunds, call service, manning the phones, which I was no stranger to. RITHOLTZ: Compliance, legal, and risk. HAMBURGER: Exactly.
I remember it really well because I just finished building this house in West Virginia and we, we were taking occupancy in early August, and it was, it was literally the same day that BMP Paraba shut off redemptions from some of their mutualfunds, caused all sorts of chaos in Europe. You need to come up with more collateral.
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