Money Manager

A Fight Over Factor Investing Tests a Pillar of Modern Finance

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A Fight Over Factor Investing Tests a Pillar of Modern Finance

In November a curious paper dropped on SSRN, an online hub widely used by economists to circulate their work. The paper’s authors are two of the most important figures in academic finance: Kenneth French, of Dartmouth College’s Tuck School of Business, and Eugene Fama, a Nobel Prize-winning economist from the University of Chicago. The article … Read more

Post-SVB Freeze of Preferred Shares, AT1s, Thawed by Billion-Dollar-Plus Deals

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Post-SVB Freeze of Preferred Shares, AT1s, Thawed by Billion-Dollar-Plus Deals

The market for new preferred shares in the US is reopening after a near half-year freeze, raising hopes that this crucial source of capital — especially for the nation’s major lenders — is returning to normal. Money manager Apollo Global Management Inc. is offering $250 million of preferredsBloomberg Terminal on Wednesday, following Goldman Sachs Group … Read more