Thursday links: operational alpha

21Jun07

David Gaffen, Accrued Interest and Chad Brand on the implications of the Home Depot (HD) “DIY buyout.”

Greg Newton at NakedShorts on the bulging Blackstone Group (BX) order book while Dana Cimilluca at MarketBeat notes the relatively low fees Wall Street will earn on the deal.

Joe Weisenthal at The Stalwart on the seemingly rich valuation for Blackstone.

Adam Warner and Eddy Elfeinbein on the hype surrounding the Blackstone IPO.

John Carney at DealBreaker.com on the threat of “triple taxation” facing private equity.

FT Alphaville on the pressure on private equity firms…in the UK.

David Merkel at the Aleph Blog with nine notes on speculation.

Bespoke Investment Group has another look at the yield curve and its relationship with the stock market.

Caroline Baum at Bloomberg.com on what the now upwardly sloping yield curve is telling us about the state of the economy.

Greg Ip at Real Time Economics notes rising interest rates are a part of the Fed’s “basic game plan.”

It’s complicated but, Bill Luby at VIX and More notes a low in the implied volatility of VIX options.

Barry Ritholtz at the Big Picture introduces us to a new term: agflation.

All About Alpha on the growing relevance of “operational alpha” in a increasingly complex trading world.

Calculated Risk on what the Bear Stearns fund mess means for mortgage security pricing.

Paul Herbert at Morningstar.com highlights “four more intriguing newer funds.”

Speaking of money management, Shefali Anand at WSJ.com on private equity’s interest in money management firms.

Apparently it takes a village to bring Man Group spin-off, MF Global public. (via FT Alphaville)

Kevin Kelleher at GigaOM.com handicaps five likely suitors for Yahoo! (YHOO).

Zero Beta on how Best Buy (BBY) has become a de facto insurance company.

the 3500 on the growing investment “blogger’s graveyard.” No wonder, investment blogging is hard.

Gannon on Investing and 24/7 Wall St. highlight their 8 and 25 best investment blogs.

We love a good business jet story, especially a supersonic one! (via New York Times)

We wish this post had come from the real Steve, and not from the “Secret Diary of Steve Jobs.” (via Stockbee)

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