…then you care about the ratings of specific assets not the portfolio level risk. It seems to me that the only explanation of pooling and tranching was to get around…

…factors, including the term of its loan portfolio, the quality of assets that it holds outright, and the market’s appetite for repurchasing these financial instruments. The authorization for the ultimate…

…the basis for marking down the value of other assets in their portfolio, which directly reduces the Equity portion of the balance sheet, tri ggering all sorts of regulatory and…

…pleasure in the whole model. Then they die. If there are so many different kinds of trees that, for each state of the world, one can construct a portfolio which…

…a socially useful interaction of bonds and financial markets is that people can buy a balanced portfolio of bonds — a bond index fund when they are young and sell…

…variance of an average is less than the average variance. The covariance of an average and the market portfolio is the average covariance. Thus a claim on a pool of…

…will still be crediting interest on the existing portfolio of bonds and so we can expect some uptick, but a fair estimate is that OAS is kind of on auto-pilot…

…LTCM was on the ropes were able to unwind LTCM’s portfolio in a way that didn’t result in additional losses. But the result Cowen desired — large losses for the…

…monies out of your house because appreciation in housing prices changed “the structure of the household portfolio.” And that “long predicted the credit bubble”? This is a family blog, so…

…months from June to September they added $81 billion to their portfolio. On the other hand over that same period ‘Carib Banking Centers’ added $63 billion to theirs, while the…