Blackstone Unit Wins in No-Lose Codere Trade: Corporate Finance - Bloomberg

Blackstone Unit Wins in No-Lose Codere Trade: Corporate Finance - Bloomberg: The unit of Blackstone Group LP (BX) structured the loan in a way that would lead to a payout on swaps it held, according to three people with knowledge of the situation who asked not to be identified because the discussions were private. The contracts were triggered on Sept. 18 after Codere delayed an interest payment

CEO Pay More Closely Matches Firms' Results - WSJ.com


CEO Pay More Closely Matches Firms' Results - WSJ.com:


"The study is among the first to assess how the rising popularity of performance-based restricted stock is affecting CEO pay. Performance-based stock is the fastest-growing segment of executive pay, accounting for 27.4% of the value of compensation granted to CEOs in 2012, up from 18.8% in 2008, according to a separate study by the Journal

Financial Crisis Made Us More Likely To Cheat, Steal: 'Think Robin Hood'

Financial Crisis Made Us More Likely To Cheat, Steal: 'Think Robin Hood':

"After suffering a financial loss, people are more willing to lie, cheat and steal to improve their situation, according to a study conducted by a group of researchers including Dan Ariely of Duke University's Fuqua School of Business."

5 things I learned today #2



I had fun with my 5 things yesterday's so I am doing it again.

Five things I learned today:



Volume of equity options traded with the Options Clearing House (OCC )is over 10 times that of non equity traded options.  This ratio has stayed relatively constant since 2000.  Data source: OCC. http://www.optionsclearing.com/webapps/historical-volume-query (Sept 26, 2013)



table.tableizer-table

5 things I learned today



I have decided I need to get back to blogging more.  I am not sure where the time will come from, but has to happen, so:



Five things I learned today:





 Diversified firms have less underpricing in IPOs.  This may be caused by signaling quality by the more focused firms. 


The source of this new knowledge is: “Industrial Diversification and Underpricing of Initial
Public Offerings” with

Where Did 6 Million Missing Workers Go? | The Exchange - Yahoo Finance

Where Did 6 Million Missing Workers Go? | The Exchange - Yahoo Finance:

"The other reason is a surprising pullback in the portion of Americans who even want to work. The labor-force participation rate is declining for a variety of reasons, such as younger people going to college or graduate school instead of looking for a job, and out-of-work middle-aged people who simply give up looking for a

Portfolio math for class


I am loving these videos.  Nice for students to prep for class and to review after.  Feel free to use.


Citigroup sheds more than $6 billion in PE, hedge fund assets: WSJ - Yahoo! Finance

Citigroup sheds more than $6 billion in PE, hedge fund assets: WSJ - Yahoo! Finance: (Reuters) -

"Citigroup Inc (NYS:C) has sold more than $6 billion in private equity and hedge fund assets in the past month to comply with new regulations that limit such investments, the Wall Street Journal reported, citing people familiar with the transactions."

What's an indifference curve?



More class videos:  topic is "what is an indifference curve and how does it relate to diversification?"


What is a put?


Another derivatives video for my classes.  Today's topic: what is a put contract?