Weekend Reads: Treasury Price Differences

For example, a number of hedge funds will seek to exploit differences in the price of cash Treasuries and equivalent futures. That could explain large futures selling to coincide with buying cash securities — the net position is flat but it appears in the data as a short position.

Hedge funds and asset managers take opposing views on rates – (Financial Times)


Daniel Tarullo, the Federal Reserve official who spearheaded the U.S. government’s aggressive push to make banks safer after the 2008 financial crisis, plans to step down in early April.

Fed’s Tarullo Stepping Down as Top Regulator of Wall Street – (Bloomberg)


During this time period, the broker made over 2,800 transactions in these accounts, which had a value of $3 million, according to Finra. He generated close to $581,650 in commissions and $84,270 in other fess. The trading losses the client sustained were $397,000. The level of trading was unsuitable for the elderly client given her investment profile, including her age, risk tolerance and income needs, according to Finra.

Former Wells Fargo Advisors rep barred by Finra for excessive trading in elderly client’s account – (Investment News)


‘Fiduciary principle’ will survive regardless of rule outcome,

John Bogle: Demise of fiduciary rule would be ‘step backward’ for nation – (Investment News)


In recent years, FlowPoint has generated fivefold returns through so-called short bets, or wagers in the stock and options market that shares of certain student-loan-related companies will fall, according to company documents. The fund has also made comparable returns from other education-related short trades.

Investing in the Pain of Student Debt Is a Tough but Tempting Play – (The New York Times)


Ignoring the no losing quarters part for a second, we couldn’t help but see that 409% total return for Thorpe over time and think, “hey, we know some programs with records as good.

If Ed Thorpe was a Legend What’s That Makes These Guys? – (RCM’s Attain Alternatives Blog)


It seems Florida in February is a great time to have a conference and there was definitely a great show from people from all different parts of the industry. Here are some of the highlights

The Pulse of the Managed Futures / Global Macro World – (RCM’s Attain Alternatives Blog)


The Damen station will fill a 1.5-mile gap that currently exists between the Green Line’s Ashland and California stations. According to the city, this particular “fill-in” station is a priority due to the significant residential and commercial growth that’s occurred in the area in recent years. And, sports fans will be happy to hear that they will have a shorter walk to the United Center for Bulls and Blackhawks games.

A new Green Line station at Damen Avenue will open in 2020 – (Time Out Chicago)


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