<t>This is from the FT. I particularly like the quote “This is as far away from subprime as you can possibly get. This is double or triple A.”Its also interesting that State Steet Corp's "Limited Duration Bond Fund" is only down 37% this month (unconfirmed figure, though). Conduits making all the ne...

QuoteOriginally posted by: jawabeanmy dell at work is dual monitorDitto (three). Control panel tells me the card is an nvidia quadro (with a name like that, it can probably handle at least four screens)

Thanks - looks like a consensus then - the gap/jump risk is borne by the issuer, not the investor.

<t>Are you talking a specific vehicle (eg the Barclays one)?Usually, though, there is no clawbacks (but i'm not a lawyer). Take for instance the structure of some of the CPDOs. These are heavily geared investors in CDOs, but they maintain a buffer. If that buffer is reached (say only 10% of the capi...

minutiae of term sheets are likely to be in focus at the moment ... not too sure if this paramter falls into that category

<t>More on Barclays, from the Times website:Barclays Bank was dragged deeper into the sub-prime mortgage crisis last night after Landesbank Sachsen, a major client, had to be rescued by a rival state-owned bank in Germany. Barclays appears to have been responsible both for designing a complex fund t...

QuoteOriginally posted by: jawabeansubprime is not the whole structured field.Sorry, you are right, the press would have been delving into the most exposed sector and highlighting that estimate, whereas other asset classes and lines of business have had a good 1H

<t>no way which way? only press speculation of course. But subprime operations are being closed down (Lehman's), the head of Barcap's CDO business in Europe is gone. What bonus pool is there to divvy up in that business line - though granted the first half of the year was probably relatively OK ... ...

I use VBA in excel to do the same thing - download data, generate charts, fire up word.application, create document - generate pdf. Also works with powerpoint too - good for presentations. Wow factor. But, painfully slow to do anything in VBA - not for real projects.

<t>There are too many crabs! So, i think grimace is the right term to describe the smile.I don't view the curve as giving an arbitrage, though, as even if technically they are showing a mis-price (let's say OTM puts overpriced, OTM calls underpriced) there is no liquidity to trade (either a few cont...

Hah! Consider also that the new money invested while it has a lower performance fee (10% i believe) does not suffer from the high water mark of the old invested units, so they can start earning their bonus straight away. Good business.

supposedly a 40% bonus cut for those in structured credit - that's if you still have a job

<t>If you had a sense of humour (or is that death wish) you could post this four times as well!QuoteOriginally posted by: nikhilessarSorry, this will not happen againQuote--------------------------------------------------------------------------------Originally posted by: Trader JoeYeah, the fact th...

<t>Hi, perhaps i misunderstand (not in to all the fractal decomposition stuff)But if you are using a MC style simulation for say, a basket, worst of or rainbow option, then by bumping the correlations as you suggest is the way i usually do rough and ready calculations (eg add 10% to all of them to m...

" Aug. 23 (Bloomberg) -- Goldman Sachs Group Inc.'s GlobalEquity Opportunities hedge fund rose 12 percent last week afterthe securities firm shored up the money-losing pool with $3billion of cash, investors said ...."Now they have started making money again ...