A very kind reader sent me the link to a paper aimed to show the wonders this portfolio: The portfolio for the apocalypse đŸ˜‰ Simple and systematic. While there isn’t much to say about the portfolio first two component, I will summary here the tail hedging strategy: systematically purchase 10-delta Read more
I’ve been incorporating ‘Tail Risk’ ETFs into my portfolios for some time now, specifically TAIL in the Model Portfolio and TAIL, CAOS, and BTAL in my personal portfolio. Given the current market conditions, it feels like an opportune moment—or perhaps the worst time, if you haven’t already invested—to provide a Read more
At the end of this year the GBP LIBOR will cease to exist and I spent few months ‘fixing this issue’, i.e. renegotiating trades, at the office. I am mentioning this because the legal story that brought us here, and in particular who got punished and who did not, is Read more