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Harvard Shows the Pitfalls of Internalising Funds Management

February 17, 2017 by Jonathan Rochford

Harvard university

With so many fund managers overcharging and underperforming it’s no surprise that there’s a trend towards internalising funds management. However, Harvard’s experience shows that internalising is far easier said than done.

Filed Under: Money Tagged With: funds management, Harvard, Harvard University

The Dallas Pension Fiasco Is Just the Beginning

January 17, 2017 by Jonathan Rochford

Fire Fighters and Police Car

The run of redemptions and lock-up of the Dallas Police and Fire Pension fund was entirely predictable. The same conditions exist elsewhere and point to a wave of state and local government pension and debt defaults in the coming decade.

Filed Under: America Tagged With: America, Pensions, Redemptions

Why Banks Fail: The Definitive Guide to Solvency, Liquidity and Ratios

August 16, 2016 by Jonathan Rochford

Why Banks Fail

Banks are complex, but understanding why banks fail and what can be done about it doesn’t have to be.

Filed Under: Banks Tagged With: Liquidity, Ratios, Solvency

Will China Survive the Journey to Being a Developed Market?

October 7, 2015 by Jonathan Rochford

Map of China

Many countries have crashed and burned on the journey to being a developed market – will China be another?

Filed Under: China Tagged With: China, economy collapse

Here’s What a Chinese Hard Landing Could Look Like

October 6, 2015 by Jonathan Rochford

Map of China

The following scenario shows how falls in the equity market in China could lead to a hard landing for its economy

Filed Under: China Tagged With: banking system collapse, China, hard landing

Sovereign Debt: the (Relatively) Good, the Bad and the Ugly

August 27, 2015 by Jonathan Rochford

Wallet with Euro notes coming out

Using Australia, Italy and Greece as case studies, this article looks at the frequently ignored problems building in sovereign debt.

Filed Under: Debt Tagged With: Australian Debt, Eurozone, Greek Debt, Italian Debt, Sovereign Debt

Meredith Whitney was Right – Just way too Early

July 9, 2015 by Jonathan Rochford

American Flag

Meredith Whitney’s prediction about US state and local governments defaulting is coming true – are subprime governments the next threat?

Filed Under: Debt Tagged With: Defaulting, Meredith Whitney

The Truth about Liquidity for Debt Securities

July 9, 2015 by Jonathan Rochford

Liquidity

This article corrects much of the current discussion about liquidity for debt securities and puts forward the key things to focus on.

Filed Under: Credit Tagged With: Debt Security, Liquidity

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