Thursday, October 11, 2012
Organising an event in Chicago posed certain obstacles but those were far outweighed by the opportunities. I learned that the Chicago market is substantively different from both London and New York, the major bulge bracket firms while no doubt having some presence are not the main cut and thrust of Chicago; smaller and more nimble 'Prop Shops' are the lifeblood of this city. I also discovered that many of these 'Prop Shops' had been founded by ex CME floor traders who wanted to spread their wings a little, and in some cases a lot. Derivatives are what Chicago is best known for and that might have been the original specialty of these creative and adventurous operations, but in 2012 they have a much more diverse portfolio of interests.
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Wednesday, March 21, 2012
In 1967, the American psychologist Stanley Milgram conducted an experiment to determine how many acquaintances it would take to pass a letter between two randomly selected people. He concluded that it took six steps or fewer to connect any two people in the world and coined the term ‘six degrees of separation’. Rapid technological progress and the advent of social networks have further reduced the number of hops required to connect different people and organizations around the globe.
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Monday, February 06, 2012
Interest in direct investment in emerging market equities is increasing but has always been difficult due to regulations on foreign ownership and capital controls. The most relevant of these markets is the BRICs (Brazil, Russia, India, China, South Africa), a collection of the largest of the emerging markets.
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