l*****a
发帖数: 6 | 1 发现本公司每次做完physical inventory之后就直接把missing assets write off掉
基本就是asset manager一句话
感觉control比较weak啊
你们公司都是怎么做的？需要不需要file police reports as supporting documents?
谢谢啦！ |
|
c***n
发帖数: 54 | 2 【 以下文字转载自 JobHunting 讨论区 】
发信人: cnsin (cnsin), 信区: JobHunting
标 题: 纽约附近hedge fund/asset management IT工作（CT）--支持H1B
发信站: BBS 未名空间站 (Sun Jan 22 16:37:46 2012, 美东)
新年快乐！给大家拜个年！
这个是旧帖重发，职位仍然有效。
这里先给大家道个歉，上次其实收到不少简历，但是可能是因为我没有讲清楚，很多简
历：1，不在纽约附近（我们公司不负担IT部门的面试费用，因为不是IT公司）。2，没
有什么美国的工作经验。3，其实想做的不是IT。我当时没贴邮箱，所以要靠短信不断
来回，后来自己都跟的有点lost了。所以最后我只交上去3个简历，fail了一个，1个不
知道为啥没下文。最后一个可能下个星期要onsite了（因为他们现在有工作，我拖到过
了新年后才交了简历，否则他们等不到bonus）。
当然前面这些不便都是我的错，我在发帖的时候其实对于那个职位的要求自己也很模糊
，现在贴一个模板吧（这个是官方的职位要求，我看来都是套话）：
最重要的，我的... 阅读全帖 |
|
b******y
发帖数: 2729 | 3 【 以下文字转载自 Military 讨论区 】
发信人: cynic (cynic@mitbbs 1998->2010->?), 信区: Military
标 题: (未经证实)China Dumps US Asset Backeds and Corporates
发信站: BBS 未名空间站 (Wed Feb 10 01:28:55 2010, 美东)
It appears that this time China's posturing is for real. Following up on our
earlier post that Chinese military officials want to "punish" America by
selling Treasuries, Asia Times Online is reporting that an explicit
directive by the Chinese government has notified reserve managers to sell
all risky US assets, includ |
|
s**a
发帖数: 178 | 4 【 以下文字转载自 Business 讨论区 】
发信人: sera (小狮子||混在纽约), 信区: Business
标 题: FW: Hedge Fund Top 100 in Assets from Alpha Magazine
发信站: BBS 未名空间站 (Thu Jun 22 14:50:45 2006)
It just came out yesterday.
-Sera
****************************************
The Hedge Fund 100 – Rankings—PART 1
06/21/06
Alpha
The Hedge Fund 100
Firm/Fund Return
Rank capital net of
2006 2005 Firm/Fund name(s) ($ millions) fees (%)
1 3 Goldman Sachs Asset Mgmt (New York, NY) $21,023
2 2 Bridgewater Asso |
|
b****a
发帖数: 41 | 5 NonPerforming assets is used by banks. It's equivalent of "non-accrual"
Once a Mortgage/Loan past due 90 days, the Bank will put it on a "non-
accrual" status to stop accruing
interest income and reverse the interest previously accrued. Thus the loan
becomes a non-accrual / non-performing asset. |
|
q*****n
发帖数: 5 | 6 案例：
BG建立一个使用年限10年，价值$1million的油井，预计十年后拆除油井的费用的现在
价值是$100,000.将其计入asset retirement cost(ARC).前两个数值均采用straight-
line折旧。在产生ARC的同时，为平衡账户，a liability for Asset retirement
obligation（ARO）也产生了。
8年后，ARC折旧成$20,000. ARO是$175,000.因为拆除油井的劳动力的价格下降，BG调
整了ARO，减少$50,000,ARO变成$125,000.
问题：$50,000的下调怎样影响income statement的？
我不明白的地方，本来ARC变成$20,000后在剩下两年每年折旧$10,000，下调了$50,000
让$20,000-$50,000，使ARC变成了负数吗？还怎样计算折旧成本呢？
着急，恳请有经验的人指教！！ |
|
l*****a
发帖数: 6 | 7 发现本公司每次做完physical inventory之后就直接把missing assets write off掉
基本就是asset manager一句话
感觉control比较weak啊
你们公司都是怎么做的？需要不需要file police reports as supporting documents?
谢谢啦！ |
|
x*****a
发帖数: 54 | 8 有一些问题想要请教，是关于fixedasset方面的。我们公司是international company
有multiple entitties。fixed asset 之间会 transfer。想找个人review一下我做的
JE 是否正确，最好是fixed asset 方面的专家。 人最好在湾区。谢谢。 |
|
s*******d
发帖数: 49 | 9 This explanation or example (if you prefer) is riciculous. It seems that you
just copied the content index of Huang and Litzenberger (1988).
Financial economics and asset pricing are much more different in form than in
essence.
financial
markets.
portfolio
complete
Theory
asset |
|
e********0
发帖数: 259 | 10 stanford, chicago, NYU, MIT，wharton，berkeley的牛毋庸置疑，
而且想必finance排名前十的学校asset pricing也差不了，
不过不知道有没有一些学校一般，但是asset pricing方面特别牛的“hidden jewels”
呢？
每提供一个学校或者牛人，给10个包子，谢谢！ |
|
L*****k
发帖数: 327 | 11 假设我们有N个asset，T个时刻的数据，apply了2个model，一个是cross-sectional
regression（基于time series regression的），另一个是GMM模型。现在每一个model
，针对N个asset中，都有N个error，那要怎么来用hypothesis testing，比较哪个
model的fit更好呢？谢谢！
一个concern是，因为这是2种不同的methodology，直接比较error似乎不适合？ |
|
I*B
发帖数: 151 | 12 PanAgora Asset Management
Quantitative Portfolio Manager/Analyst
Location Boston, MA
Job Description PanAgora Asset Management has provided investment soluti
ons and thought leadership across a full range of quantitative equity an
d fixed-income strategies for over 20 years.
Key to our mission of excellence is our commitment to providing clients
with unprecedented transparency of process and access to our investment
teams.
Research plays a central role in our investment philosophy and proces |
|
G****s
发帖数: 87 | 13 TOP QUANTITATIVE ASSET AND HEDGE FUND MANAGER
Quantitative Research Analyst - Fixed Income
Top Quantitative Asset and Hedge Fund Manager is looking
for a Ph.D. with demonstrated experience in quantitative
yield curve research. Applicants should have substantial
modeling experience in areas such as Term Structure,
Relative Value Analysis and Portfolio Construction. The
role involves conducting applied research to develop new
hedge fund s |
|
s**a
发帖数: 178 | 14 Company: Top Asset Management Firm
Loc: London, UK
Position: Jr/Entry-level Quantitative Analyst
Description:
Hiring manager was Head of Fundamental Strategies at Goldman London and
recently joined the Firm. He is now a Portfolio Manager running the
following Quantitatively Driven Strategies:
1 - Cross Asset
2 - 'Early Stage' Event Driven
Qualification:
PhD from a top school with up to two years experience.
Good programming skills are important.
A strong interest in fundamentals and companies.
T |
|
w*******h
发帖数: 8 | 15 下面有个帖子比较了buy side and sell side， 而且概括说 buy side 一般要比sell
side 挣得多。不过看看asset management 的学历，一般也就是个小本，有m.s. 的话
，也很少有top degree。 倒是investment bank 的一般学历都是很扎眼的，不管是
sell side and buy side. 如果 investment / asset management 真得那么好，为什
么mba 很少有加入的。 |
|
n*****r
发帖数: 159 | 16 ? I remember asset swaps just like exchanging asset. |
|
s******y
发帖数: 289 | 17 我还是 fresh Stat PhD 马上毕业。主要做的是 Empirical Modeling 和 Monte Carlo
Simulation。
看了版上的建议，似乎HF和IB对没GC没H1b的人很危险，所以投了一些边缘公司，不是
quant的职位。
刚接到个联系，西部的小mutual fund。职位主要是做 Asset Allocation，google随便
了解了一下，似乎和 Empirical Modeling 以及 Simulation, SDE 等没什么关系，也
不需要太高的编程。去的话，PhD所专的这写东西，就几乎不怎么用了，是么？
请问这个Asset Allocation方向做下去，以后前途如何呢？以后跳到花街机会多么？ |
|
k**k
发帖数: 61 | 18 I'm doing some research these days on asset allocation. The common framework
seems to be starting with a set of scenarios on macro variables such as GDP
, unemployment then forecast yields, equity premium, fx via either some
simply regression based model or vector auto-regressive (VAR). The
forecasted yields, premium, etc. then serve as the inputs for an optimizer
that will spit out the presumably optimal weights for each asset class.
The info I'm getting is pretty sketchy (maybe I was not on th |
|
z****g
发帖数: 1978 | 19 besides futures, do they trade any other derivatives ?
doesn't sound like a traditional asset management firm where asset factor
and
correlation are the main interest. |
|
k**k
发帖数: 61 | 20 自己做这行但资历不算深，对业界的做法有些不太明白的地方，像请教一下有经验的诸
位.
I'll outline what I have found and questions I have. Hope to get some
insightful thoughts from people. From what I can see, there are four major
ways to do strategic asset allocation:
1. Mean-variance + efficient frontier
Problem with MV is it is static, one period, results unstable and counter-
intuitive sometimes. Improvements include using Monte Carlo to do multi-
period and factor in dynamic asset allocation over time, also to incorporate
fat-tail in |
|
J*****n
发帖数: 4859 | 21 入门级水平，听过别人的描述，将自己的心得权作回答
1. Mean-variance + efficient frontier
Problem with MV is it is static, one period, results unstable and counter-
intuitive sometimes. Improvements include using Monte Carlo to do multi-
period and factor in dynamic asset allocation over time, also to incorporate
fat-tail in asset & liability return. JPMAM has a model does exactly that.
But they don't incorporate investor utility, labor income, and macro factors
in this process, the results are still highly sensitive to r |
|
m***t
发帖数: 21 | 22 我是新手，想请教一下大家一般在做Asset allocation的时候
比如用mean variance的方法
return和variance matrix是怎么获得的
return可以用1m或者1y的expected return？
variance matrix用相同时间长度的time average？
如果是这样的如何取这个时间的跨度？如何保证estimation error很小
mean variance貌似对error很sensitive
但是这样optimize出来的asset allocation对future的prediction应该不是很好吧
或者这个方法是要和factor model之类的prediction结合使用？
谢谢大家了。
incorporate
. |
|
l**********t
发帖数: 5754 | 23 For multi-period strategic allocation, MVO/efficient frontier may be
suboptimal/irrelevant.
Say you allocate among asset classes for a DB plan over 20 years, it is
much natural to frame the problem in
expected utility framework(based on surplus deficit) than MVO. You may find
more info from articles on portfolio
choice, life cycle consumption model, and asset liability management.
incorporate
. |
|
s******o
发帖数: 69 | 24 investment是你帮你的客户投资 比如买一些基金什么的 asset不仅仅包括你的银行存
款 还有你的房产 股票等都算在内 投资管理侧重于如何进行投资决策，资产管理侧重
于如何使你拥有的资产保值或增值。二者有很多的内容是相通的。
资产管理，是投资公司与投资人或者投资机构，通过签订投资意向委托书，进行资产的
投资管理活动。主要强调的是控制监管资产的投资。从定义上就可以区分了。
INVESTMENT 只是ASSET的一部分。
这里要涉及到多种投资组合，比如股票，地产，证券，债务，期货。
目的是为了保值以及增值。 |
|
e***o
发帖数: 63 | 25 请问buy side的asset allocation quant前景怎么样？career path如何？手上的offer
是个asset management的，以后能转到hedge fund吗？谢谢 |
|
m******n
发帖数: 6327 | 26 ☆─────────────────────────────────────☆
DuGu (火工头陀) 于 (Mon Nov 10 14:11:17 2008) 提到:
Does it look more like "TRAP"?
"The Fed's lending is significant because the central bank has stepped into
a rescue role that was also the purpose of the $700 billion Troubled Asset
Relief Program, or TARP, bailout plan -- without safeguards put into the
TARP legislation by Congress."
☆─────────────────────────────────────☆
wyoming1801 (SEAN) 于 (Mon Nov 10 15:13:42 2008) 提到:
it was drafted in a hurry t |
|
l****z
发帖数: 29846 | 27 by Jammie
It’s a start.
An Egyptian court has banned the Muslim Brotherhood group and ordered
its assets confiscated in a dramatic escalation of a crackdown by the
military-backed government against supporters of the ousted Islamist
president Mohammed Morsi.
Egypt state TV said the court issued its ruling on Monday.
The Brotherhood was outlawed for most of its 85 years in existence. But
after the 2011 ouster of autocrat Hosni Mubarak, it was allowed to work
openly, formed a political... 阅读全帖 |
|
D*******o
发帖数: 3229 | 28 记得电影“2012”吗？地球要完了，买了船票的还假惺惺地看拳击比赛，让别人继续斗
。自己一接到上船通知就溜。
发信人: Lizy21 (Lizy), 信区: USANews
标 题: Re: 宾州州长民主党候选人Tom Wolf will end food-stamp asset tes
发信站: BBS 未名空间站 (Wed Oct 29 11:47:58 2014, 美东)
这明明就是犯罪
给罪犯许诺
给罪犯投票权
美国完了 |
|
s******d
发帖数: 323 | 29 ☆─────────────────────────────────────☆
fbb (manta) 于 (Sat Sep 8 16:10:40 2007) 提到:
Welcome to read the original post in my investing blog:
http://iffs.blogspot.com/2007/09/asset-allocation-target-plan.html
☆─────────────────────────────────────☆
tonys (基因决定人生) 于 (Sat Sep 8 20:08:45 2007) 提到:
what is your international small fund？
DLS？
☆─────────────────────────────────────☆
fbb (manta) 于 (Sat Sep 8 22:01:39 2007) 提到:
I use VINEX (Vanguard international explorer) in the 401(k). |
|
h*******y
发帖数: 864 | 30 Once there was a little island country. The land of this country was the
tiny island itself. The total money in circulation was 2 dollars as there
were only two pieces of 1 dollar coins circulating around.
1) There were 3 citizens living on this island country. A owned the land. B
and C each owned 1 dollar.
2) B decided to purchase the land from A for 1 dollar. So, now A and C own 1
dollar each while B owned a piece of land that is worth 1 dollar.
* The net asset of the country now = 3 dollars. |
|
K****D
发帖数: 30533 | 31 ☆─────────────────────────────────────☆
shangstud (某某某) 于 (Fri Oct 17 17:40:59 2008) 提到:
when I read the tread on not copying what Warren Buffet did, someone, might
be splendidchen? mentions that buy-and-hold is not the same as never sell
anything and that it is important to do asset allocation and rebalance.
I completely agree to that and I think it is ultimately important to do your
diversification, do you allocation, and do your rebalance.
From what I understand, the purpose of doing all |
|
c*****x
发帖数: 429 | 32 Index giant Vanguard saw its total net assets under management top $1
trillion in October, closing the month with precisely $1,002 billion,
according to new data from Morningstar.
The company was helped by strong flows into its fixed-income funds. The
Vanguard Total Bond Market Index and Vanguard Short-Term Investment Grade
funds were the No. 2 and No. 3 funds in the U.S. for net inflows in October,
trailing only the Pimco Total Return fund.
Not surprisingly, Vanguard and Pimco are the No. 1 and |
|
|
n****u
发帖数: 229 | 34 25% gold
25% total stock market (us only)
25% long term treasury bond
25% cash
balance when an asset drops to 15% or raise to 35%
it's Harry Browne's idea
blend\
stock |
|
C****n
发帖数: 2324 | 35 What is the best asset protection strategy right now?
Buying houses seems a safe strategy, but managing/operating the house
renting is no trivial job.
Wondering if there're any hassle free real state investment. I have some
free cash flow each month (around $30k). I need a sizable, flexible, hassle
free investment strategy, but safety is the key! The situation right now
seems like "Keep all cash" is safe, to lose. :-) |
|
y****i
发帖数: 17878 | 36 how many people here are high-net-worth individuals with investible assets >
$1M?
since the majority is not, therefore B or C is the obvious choice. |
|
S*******s
发帖数: 10098 | 37 华人男子， 赤手空拳来到美国打拼天下， 一旦小有积蓄，开个公司弄个账号， 然后
投资一点产品， 不免滋生自负的感情， 这个自负是他们本身的问题， 和Asset
manager/ financial advisor的ability 无关。 |
|
S*******s
发帖数: 10098 | 38 恕我直言，现在你给我的感觉就是态度很自负， 傲慢。。。。虽然我一开始提到的自
负男并不特定指你。
你谈论 assets manager & advisors without knowing much about what they would
do/can do.
cost |
|
S*******s
发帖数: 10098 | 39 你的例子我重新读了一遍， 你的意思是说一个人用被动基金不用主动基金，这并不属
于自负， 在那个例子中， 没错， 是我没好好理解你的英文；再说， 我原先说的自负
男也没提到基金的选择方向是主动还是被动， 你蹦出来这么一说， 跟我原文不相承接
。哪有主动往枪口上撞的？
我也发现你说话的方式， 思维的方式， 喜欢用一个窄的点来证明一个宽的面。语气尖
酸，态度跋扈， 尽管我也注意到你过去谈论的内容能够看出你懂得比一般人多， 在把
你当棵葱的同时，一点也不妨碍我把assets manager/advisor也当棵葱！
cost |
|
k***n
发帖数: 3158 | 40 I could care less of being criticized "语气尖酸，态度跋扈"
but I do feel curious about the comment of "喜欢用一个窄的点来证明一个宽的面
", so I would appreciate if you can just name one specific example so that I
can correct it if it is the case.
BTW, I don't think I disrespect assets manager/advisor as a whole.
|
|
S*******s
发帖数: 10098 | 41 From performance standpoint, you need to know when to utilize the top line
active and when to avoid some bad once. From assets allocation stand point;
you need to take advantages of the actives ‘comparative expertise in
certain places. |
|
y****i
发帖数: 17878 | 42 if one has large enough assets to invest, it is a no-brainer to seek
professional help.
so, in your opinion, what kind of people should at least think about getting
professional advices?
I guess another question is, how do you find Mr./Mrs. Right? what criteria? |
|
w****n
发帖数: 1737 | 43 the point is the majority.
1 high net worth client might worth 100 normal client.
that is why some good investment advisor has the minimum
asset requirement. And most hedge fund's minimum usually
>1M with locking period. |
|
z****l
发帖数: 5282 | 44 Money杂志上有案例分析，对大家有参考意义。
大致结论是：
Diversify
买index fund
根据年龄，调整Asset allocation
准备足够备用金
时不时，还有金融顾问师良心发现自我揭短，
建议大家找fee only顾问师。
that
but
操纵
明的
备如
要是
家也
师！
节就 |
|
S*******s
发帖数: 10098 | 45 现代对保险产品的使用， 已经和过去大不同。
有的既属保险也属于金融的范围， 比如Annuity得要拿2边的证才允许deal with. 这东
西不适合一些人， 但确实是其他一部分人做退休金计划的选择之一。
保险公司也不再是纯作保险， 而是跨多种行做assets management, 酒店业，benefit
consulting, 401k平台， 理财，还有 brokerage house just like TD Ameritrade,
等等。
Advisor可以挂在一个银行上班，可以独立自己干， 也可在credit union 底下干，或
者在一个保险公司干。
对产品， 对人， 我都避免先入为主的看法。
把产品看作工具箱里头的螺丝刀， 起子，榔头。。。 它们能解决不同的问题。
对人， 如果合作不愉快， 双方都有退出的权力和时间。 |
|
w****n
发帖数: 1737 | 46 你们这帮人真是闲得蛋疼。 不要说做这行的，就连街头买菜大妈只要稍微关心股市，
没有人不知道citi 做1：10 reverse split. 哪有这么大的重要指数股，除了reverse
split外，一夜从4.5 上升10倍到45， 你以为这是拍科幻片吗。
我定义的retire标准比你们动不动就10x-20x的人少多了， 像citi这样，在一个月内，
从最低0.97涨到4.50，然后在4.50左右横盘1年多， 足以符合retire标准。比如最低点
那天我有勇气跟wsj journal上说一个citi 高管一样买进他1M （哪位好像买了10MM）
。 一个月到一年时间均价都在4.5左右，足够让投资看到银行股的颓势而出手。 拿4.
5M做稳健IG债券+少量蓝筹股票投资， 足够cover 一般人到退休. 当然股市里没有如
果， 用4.5的股价和用2.5的股价来假设都是很可笑，因为你怎么知道citi在以后不会
恢复辉煌或者变成penny stock. You never know.
没错好的financial advisor需要说明清楚以免误导有些新人或者不关心股市的人。但
是这更加跟我没... 阅读全帖 |
|
p********r
发帖数: 1980 | 47 Although US stock markets are at all-time high at the moment, when Big Ben
indicated that FED will stop QE soon, from May 22 to June 24, the S&P 500
lost 5.6%, MSCI EAFE lost 10.1%, MSCI Emerging fell 15.3%, the Dow Jones/UBS
Commodity index fell 4.5%, the U.S. 10-year T-Note fell 4.4%, and the
Barclays U.S. TIPS index fell 7.1%, the J.P. Morgan Emerging Debt Global
index fell 10.8%, the German 10-year Bund fell 5.2%, the UK 10-year Gilt
fell 3.4%, and the Australian 10-year bond fell 6.5%.
FED ... 阅读全帖 |
|
S**C
发帖数: 2964 | 48 Housing. Nothing really fancy.
I do not know any asset bubble that ended well. But this time **might** be
different as China housing bubble comes with rapid economic growth. An
overvaluation might be worked off rather quickly in places where economy
grows at 6-8%, without inevitable bubble busting in place where economy
grows at 1-3% (Japan/US/EU).
So it is possible, but the stars need to aligned for China and the China
policymakers pull the right string at the right time, it will be a very
toug... 阅读全帖 |
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S**C
发帖数: 2964 | 49 I was overweight in US high quality stocks, but recently I reduced a little
bit of US, and move a little bit to EM, which seems to be the only asset
class left that is fairly valued. |
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D*****t
发帖数: 558 | 50 401K is a benefit offered by the employers. The fee structure (at plan level
) is negotiated btw your employer and the broker/asset management company.
so to blame just fidelity, for example, is kind of unfair. as an employee,
if you have a
terrible 401K plan (high fee, poor fund options), you should let you HR and
management/board know. Plus, if you consider the tax benefit of 401K plan,
do you have better options?
low
choose |
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