Replicating Private Equity

Replicating Private Equity

Download a PDF version of this article here. Borrow and access small cap Private Equity is illiquid and challenging to benchmark. Many investors use “S&P 500 +3%” in order to compare performance in the absence of an observable, investable asset. This paper...
Equity Protection – is now the right time?

Equity Protection – is now the right time?

Download a PDF version of this article here. Recent bouts of volatility have made headlines and questions are being asked of one of the longest equity bull markets in history. However, strategies to protect against declines in the equity market have been steadily...
Wine. Cheese. Derivatives.

Wine. Cheese. Derivatives.

What do you think of when you think of derivatives? At the PLSA conference in Liverpool last week we attempted to answer this question. We played a word association game with visitors to our (wine and cheese based) stand. We asked “What is the first word that comes...

Derivatives Legislation Update

The over-the-counter (“OTC”) derivatives market, where parties negotiate bespoke contracts (for example interest rate swaps, inflation swaps or equity options) to suit their specific needs, will shortly be subject to more intense supervision under proposed...