Unstructured Finance

The sultans of swing

May 3, 2013

Although most investors have been pleased with the steadily rising U.S stock market over the past six months, funds that profit when markets are convulsing are licking their wounds.

Pay close attention to the timings in JPMorgan’s internal report

February 1, 2013

By late January last year, not even the London Whale himself thought the massive derivatives bets that eventually cost the bank $6.2 billion were such a good idea.

Gundlach doesn’t whine over his stolen wine

By Jennifer Ablan
September 20, 2012

By Jennifer Ablan and Matthew Goldstein

Who said bonds are boring? In recent days, Jeffrey Gundlach, the new king of the fixed-income world, has been dominating headlines with his lengthy CNBC interview on everything from counterparty risk to the market’s love affair with Apple stock to talk in the blogosphere about Gundlach’s pricey Santa Monica, Calif. residence being burglarized of more than $10 million in assets.

Jamie Dimon’s teflon coating

September 6, 2012

By Matthew Goldstein and Jennifer Ablan

Jamie Dimon’s coat of teflon is wearing well, even as the criminal and regulatory investigation into the London Whale trading scandal deepens.

UF Weekend reads – The PIMCO edition

July 28, 2012

Jenn Ablan likes to tell me that people are always writing about PIMCO and Bill Gross, the long reigning “king of bonds.” And when you think of it there’s a lot of truth to that assertion.

Exchange traded derivatives could mean low Treasury yields for years

June 18, 2012

By Matthew Goldstein and Jennifer Ablan

Fears of rising interest rates  may be overstated, especially if federal regulators push ahead with plans to have a good chunk of derivatives traded through organized clearing houses.

UF’s Weekend Reads

March 2, 2012

We’re introducing a new feature on UF: a link to some weekend reads. Here is the first edition complied by Sam Forgione.

PIMCO and BlackRock go strolling down K Street

By Jennifer Ablan
February 29, 2012

By Jennifer Ablan and Matthew Goldstein

Wall Street may hate financial regulatory reform, but lobbyists certainly love it—especially ones working on behalf of giant asset managers PIMCO and BlackRock, which control a total of nearly $5 trillion in assets.

Deutsche’s he said/she said derivatives mystery

June 25, 2011

By Matthew Goldstein

Valuing derivatives–especially complex ones tied to esoteric assets–is always a tough proposition. And maybe that’s what a previously unknown whistleblower action involving Deutsche Bank is all about.