The tough go shopping


"There is an old saying: 'When there is blood in the streets, it is time to buy - even if the blood is your own.' This is certainly true in the subprime market today," says Jim Midanek, chief investment officer at California-based Black Pearl Asset Management.

Midanek, who helped build numerous Wall Street mortgage trading and sales desks in the late 1980s, is one of a select breed now looking to buy securitisations backed by subprime loans. He set up Black Pearl in 2002 with John Pak, an

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Next-generation technologies and the future of trading

At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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