Alts Opinions

Prediction Markets: A Scandal Hiding in Plain Sight

A prediction market is nothing more or less than a wager on Monday Night Football. Whether the subject is an election, an economic report, or a celebrity outcome, the structure is identical: two parties take opposite sides of a binary event.

Stress Test for Semi-Liquid Credit Vehicles
– Follow on to OpEd – Director’s Cut

I received inquiries regarding my recommendation quoted above from my OpEd of November 6th, on how to monitor flows. While there are different approaches, I developed a methodology to give advisors a simple gauge.

If a prospectus falls in a forest, does it make a sound?

The SEC's cautious approach to change leaves them disconnected from the modern investor.