In this paper, the authors analyze why the optimal portfolio of funds that investors may take under complete information and the actual structure of the mutual fund market differ.
Smarter algorithms can’t stop us making bad investment decisions – yet, writes Andrew Lo
Subordinated debt requirement will hit smaller banks hardest
After volatility surge, buyers give up coupons for better chance of early redemption
Eris Exchange hopes retail access to its swap futures will usher in new era of swaps for all
Risk30: Chinese securities house Haitong is going with the flow
Changes to popular structured products aim to help dealers reduce hedging costs, but will investors make the switch?
Supervisors' concerns could delay adoption and put pressure on implementation timeline
Banks may push ahead with publishing key information documents before compliance date
Firms say Mifid alignment will minimise legal risks of key information documents
Regulators ignored expert recommendations, lobbyists say
Dutch broker partnership boosts market share
Fund manager exploits mispricings linked to structured products and derivatives end-user flows
Structured products trade body declines to include liquidity risk metric in ratings
Trade body says issuers will face unnecessary legal and compliance bills under Esma plans
Software from Calastone seeks to bring structured products into the digital age
Concerns over Structured Products Association's proposed risk rating
Chief executive Chris Taylor talks tough on regulation
Esma opinion may dilute Priips upon implementation, say observers
Rise of the chameleons
Legal & General exits the market following a reported decline in sales, putting an end to its distribution of Barclays-backed plans
Six Morgan Stanley retail products maturing in 2013 produced annualised returns of 11–14%, while the bank's worst-performing growth products came in flat to the market
A liquid structured products market would be great news for investors but the industry needs to consider the consequences, say market participants
Frying pan to fire?