Taking the discussion on behavioural finance and news analytics a scientific step further, then this article in the FT today on how increased testorone equals an increased appetite for risk taking is interesting. Apparently experience of trading is also a big help in increasing a trader’s Sharpe ratio, from which the authors suggest that markets are not efficient and the EMH does not hold.…
Busy week last week for events in London, this time over at the Goodacre / Six Telekurs on Thursday morning. Guy Sears of the IMA was chair of the event, and the event did have a “buy-side” focus to it. Richard Newbury of Six Telekurs started the event and made the following points on the current state of regulation:
UCITS IV – Richard cited the stats that there are around 37,500 funds in the EU with average value of approximately $180M each as compared to only 8,000 funds in the US with average value over $1B.…Seems that liability driven investment and the use of longevity derivatives is set to rise for pension funds, according to an FT article about a survey by Aberdeen Asset Management. Maybe Deutsche Borse was ahead of the game with real-time death data……
I went along to the Forum on News Analytics over in Canary Wharf on Monday evening, organised by Professor Gautam Mitra from OptiRisk / Carisma at Brunel University. We seem to be in the early days of transforming news articles into quantifiable/machine-readable data so that it can be processed automatically/systematically in trading and risk management.…
Interesting couple of articles from Inside Reference Data and Inside Market Data. The first is on Bloomberg making its codes freely available to all from its website http://bsym.bloomberg.com – given past standards-based attempts like ISINs falling short of providing the industry with unique and useful security IDs this looks to be a welcome addition.…
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