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What If Google Had a Hedge Fund?

Harvard Business Review

Acutely aware of the competitive edges timely data offers sophisticated investors, the company's ever-entrepreneurial cofounder once proposed that Google launch a hedge fund. Google may not have a hedge fund, but it's unlikely that high IQ hedge funds aren't using Google's data to better manage their own situational awareness and risk.

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The Fastest-Growing Cause for Shareholders Is Sustainability

Harvard Business Review

Ask someone to name the demands that activist hedge funds make of companies and they’ll likely list corporate governance issues like board changes and executive compensation, or perhaps some form of restructuring. ” We found that 58% of the shareholder proposals in our sample were filed on immaterial issues.

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What If Socially Useful Jobs Were Taxed Less Than Other Jobs?

Harvard Business Review

Our data shows, for instance, that 18% of multimillionaires work in finance, while only 1% of them are professors and scientists. These policies could spur economic growth far more than many current tax reform proposals. In the U.S.,

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What the Great Fama-Shiller Debate Has Taught Us

Harvard Business Review

I think he got the Nobel nod (instead of somebody like Andy Lo , or Mordechai Kurz , or Roman Frydman ) because he was (1) very early to the game, (2) a macroeconomist (the Nobel people generally seem more comfortable with macro than with finance), and (3) most suited to being shoehorned into a narrative of steady scientific progress.

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Do Commodities Speculators Make Things Cost More?

Harvard Business Review

Markets that existed mainly for the convenience of industry have become dominated by exchange-traded funds, hedge funds, and investment banks. Commodities-trading rules and customs that date back to the pre-financial era may not fit the more aggressive tactics of hedge funds and investment banks. Ethics Finance Global business'

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Public Pension Funds Perform Better When They Keep Politics at Bay

Harvard Business Review

An independent board is considered by some to be so important that the drafter of a recent proposal to create a pooled public sector pension fund (one for the employees of several public sector entities) included a radical provision calling for the board to be granted the authority to appoint a majority of its own members.

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What’s That You’re Calling a Bubble?

Harvard Business Review

Every day somebody is proclaiming a new one , arguing that there isn’t one , proposing ways to prevent one , or complaining about how hard they are to prevent. Fama is convinced that financial bubbles don’t exist, and until the dot-com era he was able to keep most of his colleagues in academic finance from even using the word “bubble.”

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