Archive | March, 2009

Back of the Book Value

I thought the chart below may be of interest. We compared performance results of Stanford’s investors taken from the SEC complaint[1] with one of the largest stable value funds (name withheld). Stanford results in the complaint go only through 2006 and that’s why the line stops there while the stable value fund continues its upward […]

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Stable Value a free lunch?

Recent cases of alleged fraud involved investors placing billions of dollars in unregistered products attracted by smooth positive returns. Hedge funds and other unregistered investment vehicles do not have a monopoly on “stable” positive returns. In fact, there exists a class of products known as stable value funds that share similar stable return characteristics and […]

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