Established in January 1999‚ Pine Street Capital (PSC) was a market-neutral hedge fund that specialized in the technology field‚ facing market risk and trying to decide whether and which way to use in order to hedge equity market risk. They choose technology sector because the partners of PSC felt that they have enough ability to evaluate this sector and specially be good at picking out-performing stock. Short-selling of NASDAQ and options hedging strategy are the two major hedging choices for PSC
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might be called worker training today. That is‚ if we show people how to shovel‚ then they shovel better. In the 1890’s workers were assumed to know how to do their work‚ and the bosses often did not. When I was in business school I admired the idea that studying the work at hand could make accomplishing it easier. I particularly liked taking a detailed approach to relatively simple workplace problems. Reading Taylor today‚ social issues problems and class distinction are on every page. Taylor
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Pine Street Capital Discussion and Analysis 1 PINE STREET CAPITAL – WHAT RISK TO HEDGE & WHAT TO BEAR? Hedge: market related risks 1. Currently managing a market neutral fund ($32 AUM) In the past the market risk was hedged by shorting or short-selling representative shares of the market index In the past the market riskunder was The alternative hedged by shorting hedging the consideration was or shortselling representativehelp of put market risk with the shares of the market the market
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The Wolf of Wall Street The Wolf of Wall Street is a film which was released on December 25‚ 2013 and managed to make a grand impact on all who ventured to see it. Director Martin Scorsese and writer Jordan Belfort were able to manipulate the story of Belfort’s life through extravagant‚ lavish‚ and relatively vile acts; which‚ in the movie seem to vicariously satisfy many viewers unknowing needs for a crime-comedy movie with a degree of intellectualism and semi-tonal black comedy. In my opinion
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Background Pine Street Capital is a market-neutral hedge fund in the technology field and is facing market risk and has to decide which way to use in order to hedge the risk. It can either use short selling of NASDAQ or options hedging strategy. Each strategy has its own advantage in different economic conditions. As the fund has just gone through a volatile period in NASDAQ’s history‚ PSC has to choose between two choices. Choice 1: Continuing to hedge market risk by short selling Choice 2:
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GDP Expanded at 4.2% Rate in Second Quarter Corporate Profits Also Surged‚ Rising 6% from the First Quarter to an Annual Rate of $1.840 Trillion Ben Leubsdorf. August 28‚ 2014. Retrieved from http://online.wsj.com/articles/gdp-expanded-at-4-2-rate-in-second-quarter-1409229416Gross Domestic Product The purpose of Mr. Leubsdorf’s article was to explain how the current GDP exceeded prior expectations. Ben went into great detail about the encouraging direction of not only the GDP but also of unemployment
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Decoding ’Natural’ Rate of Unemployment Neil Shah. September 7‚ 2012. Retrieved from http://search.proquest.com/docview/1038358262?accountid=12085 UNEMPLOYMENT Neil Shah wrote this article which briefly covers the topics of unemployment and the natural unemployment rate. The way our economy has been on a downward slope has led to the need to write about the natural unemployment rate. There are more and more people losing their jobs. Not only do they lose their jobs‚ but the longer that
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The Wolf of Wall Street: More‚ More‚ More The Wolf of Wall Street is a shocking film that plunges viewers into a life of excess— full of drugs‚ sex‚ scandal‚ and money. This film has been controversial claiming the director‚ Martin Scorsese‚ is endorsing Jordan Belfort’s fraudster and immoral behavior; however‚ this film is actually a cautionary story on Capitalism. The film contrasts the public image of Wall Street with the internal debauchery that goes on within the office walls. The audience
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Occupy Wall Street Movement James Valentine Dr. McCroskey BUS 309 7/29/12 The Occupy Wall Street movement started from young protestors growing tired of high student loans and low grossing wages. The movement had moral and economic implications. These implications could be compared to utilitarian‚ Kantian‚ and virtue ethics‚ with one that best applies to the movement. There are several people and organizations that can be held responsible for the inequality and wealth
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Archetypes are neither good nor bad. They are simply patterns of behavior; and when we become unaware of them‚ they tend to fall into shadow. With this being said‚ I most closely resemble the Martyr archetype. The origin of the Martyr archetype is all about doing the right thing‚ no matter who is against it. A Martyr realizes that sacrificing for others is a part of their life’s journey‚ and that when they do this‚ it brings them a sense of purpose and joy. On the other hand‚ Martyr’s use their sacrifices
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