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If you're levered, you cannot infer anything from this table alone. You'd need to know the other characteristics of these strategies.

I really have a hard time imagining a case where ordinary shareholders can be personally liable for any wrongdoing, beyond their equity being wiped out. Indeed, would it seem fair to you if a pensioner with a passive small stake in a company had to be responsible for something over which they...

Indeed... If you don't hedge the currency risk, you could argue that your 9.5% return would be commensurate with the actual risk you will incur (both in terms of exposure to rates and to the exch rate).

Erm, you are forgetting a most important factor... Specifically, the currency. What currency are you planning to use to buy these bonds?

Again, Fiddy didn't make it big... His VIX calls were a hedge.

Yes, like I said, I dunno about this specific example... Maybe. CTAs approach this differently. I am only speaking from experience with the particular corner of the market that I am somewhat familiar with. I am also not referring to the case where it’s specifically the same strategy, just...

Yeah, whichever way you decide to slice this, you just need to do it right, is all I'm sayin'...

I dunno about this one, but I know that a few larger names in macro space have attempted to launch lower-cost "retail"(ish) vehicles (e.g. Brevan Howard). The liquidity profile of the retail offering is explicitly different, so the strategy is as well. My point was only to suggest that, if I...

I think it very much depends, but yeah, it's not likely to be the special "secret sauce" stuff. I mean it's only logical, right?

Stranger things have happened in this industry...

Does anyone have any idea what happened to their Aggressive Strategy? It's supposed to be an even more levered version...

To echo what the others have said... Most of the time the issues described occur with ITM options and with really really far out OTM ones. The other thing to check is whether you're computing the fwd correctly.

It's rather eloquently explained by @s0mmi (although I ain't too sure abt the "semen" bit). It's natural, for a whole variety of reasons, for both the supply of and demand for credit to diminish after a pretty significant financial crisis. Yes, of course QE was an attempt to offset this, but...

The answer to your question has nothing to do with the repo mkt... It's all rather simple.

Regulation is the main reason...

I am happy to have educated you, but let me also tell you that it's only the start of the journey... As @Sig mentioned, if you go to pretty much any tropical resort, your USD will be most welcome. Anywhere in the Caribbean, Mauritius, Maldives, you name it, they all happy for you to pay in...

Indeed, I think it would be very wise to close this discussion... You clearly have never actually gone anywhere in the third world if you say that USD isn't legal tender outside the US. That's just a dumb thing to say, I'm sorry.

Huh? I can't buy anything with dollars in the EU? Really? Outside of the EU, how many countries in the world have their currencies explicitly or implicitly pegged to the "useless fiat dollar"? Not to bitcoin, funnily enough...

No, man... Just no. You don't have to say silly things like this.

Ironically, all the 1/32s stuff came from the Spanish originally...