Topic
Derivatives
747 published works
Pension Risk Matters
Can Warren Buffet Be Wrong About Derivatives?
According to various press reports, in his conversation with Berkshire Hathaway shareholders, CEO Warren Buffett reiterated his concern about the use of derivatives, "saying that excessive borrowing by traders, investors…
M & A Law Prof Blog
ISE To Be Acquired by Eurex
International Securities Exchange Holdings announced this afternoon that it has signed an agreement for Eurex to acquire ISE for approximately $2.8 billion in cash, or $67.50 per share. The transaction…
Pension Risk Matters
Derivatives, Mutual Funds and Pensions
Continuing to exhibit meteoric growth, the global derivatives market is now estimated at around $400 trillion. That's a lot of zeros - $400,000,000,000,000. In contrast, the CIA World Fact Book…
Pension Risk Matters
Constructing the Real Estate Derivatives Market
Our March 9, 2007 post about real estate derivatives created a buzz, at a time when the financial industry grapples with the usual fits and starts of developing a new…
Pension Risk Matters
Are Pensions Ready for Property Derivatives?
David Oakley reports the imminent launch of a U.S. commercial property derivatives market trading platform as early as this week. (See "Property derivatives poised for US launch", Financial Times, March…
Pension Risk Matters
Can Pension Funds Forgive Hedge Fund Failures?
According to David Hammerstein of Yanni Partners, ("Fewer Second Chances For Failed Fundies" - Hedge Fund Daily, February 27, 2007), "There is an extra standard of caution and care that…
Securities Law Prof Blog
GE Will Restate Earnings Again
GE reported that it will restate earnings for the second time in two years because of its accounting for derivative transactions. See WSJ, GE Report Raises Doubts
Pension Risk Matters
Pension Accounting – Here It Comes
The long-awaited U.S. pension accounting overhaul is coming. According to their website, the Financial Accounting Standards Board ("FASB") will announce new rules tomorrow morning in the form of FASB Statement…
Pension Risk Matters
ERISA and Derivatives
During a September 26, 2006 panel discussion about the use of derivatives by pensions, mention was made of a U.S. Department of Labor letter. Several people asked for more information.…
Pension Risk Matters
Pensions and Derivatives, the “D” Word
Are derivative instruments a recipe for disaster, an integral part of effective investment management or something in between? As explained in "Derivatives: The $270 Trillion Gorilla", meteoric growth around the…