Tootfinder

Report for America's head says it is ending support of hedge fund-owned newsrooms to "prioritize partners that will be springboards for the next generation" (Kim Kleman/Poynter)
https://www.poynter.org/commentary/2024/re

Why Report for America will no longer place corps members in hedge fund-owned publications - Poynter
Our program must focus on areas where it has the most impact, RFA executive director Kim Kleman writes

“Why Report for America will no longer place corps members in hedge fund-owned publications”
Those bullet points seem well considered. Though I still think there are more than two solutions to what ROA is, nobly, after here.
https://www.poynter.org/comment…

Why Report for America will no longer place corps members in hedge fund-owned publications - Poynter
Our program must focus on areas where it has the most impact, RFA executive director Kim Kleman writes

Report for America, the nonprofit that placed 600 reporters in newsrooms since its 2017 launch, is "phasing out" partnerships with hedge fund-owned outlets (Sophie Culpepper/Nieman Lab)
https://www.niemanlab.org/2024/03/report-f

Trolling the Cambridge (MA) Historical Commission on old-person social media:
"Also, if there's something historic, I think we should follow the lead of the Parthenon Museum in Athens. Build your new stuff on piers over the old historic stuff. This is also a nice hedge against sea level rise."

This piece, by Samuel Earle is very good, IMO. It's important.
It shows the how the far right weaponises some topics as a way to divide people, in its efforts to destroy the Conservative party as well as progressives. I worry for the future of democracy itself.
"Loud and uncowed: how UnHerd owner Paul Marshall became Britain’s newest media mogul"

Hedge-Fund Tycoon Kyle Bass Mocked for Whining About $85 Room Service Breakfast (Emily Shugerman/The Daily Beast)
https://www.thedailybeast.com/hedge-fund-tycoon-kyle-bass-mocked-about-dollar85-room-service-breakfast
http://www.memeorandum.com/240228/p90#a240228p90

Periodicity in Hedge-myopic system and an asymmetric NE-solving paradigm for two-player zero-sum games
Xinxiang Guo, Yifen Mu, Xiaoguang Yang
https://arxiv.org/abs/2403.04336

Periodicity in Hedge-myopic system and an asymmetric NE-solving paradigm for two-player zero-sum games
In this paper, we consider the $n \times n$ two-payer zero-sum repeated game in which one player (player X) employs the popular Hedge (also called multiplicative weights update) learning algorithm while the other player (player Y) adopts the myopic best response. We investigate the dynamics of such Hedge-myopic system by defining a metric $Q(\textbf{x}_t)$, which measures the distance between the stage strategy $\textbf{x}_t$ and Nash Equilibrium (NE) strategy of player X. We analyze the trend …

There’s a middle path here and no one is going to see it.
https://www.niemanlab.org/2024/03/report-for-america-is-phasing-out-partnerships-with-hedge-fund-owned-publications/

PETER SAGAL: [Under the old classification, marijuana is] as bad as heroin and worse than cocaine, which is, when you think about it, kind of fair. Cocaine has never caused anyone to start a jam band.
JOSH GONDELMAN: Yeah, but marijuana has never made anyone start a hedge fund.
h…

'Wait Wait' for May 4, 2024: With Not My Job guest Lyndon Barrois
Lyndon Barrois is artist and animator who's found fame making beautifully detailed sculptures out of gum wrappers. He sculpts in miniature, but what does he know about GIANT sculptures?

Fair Wayne Bryant served 23 years in prison for attempting to steal 3 pairs of hedge clippers before he was paroled.
https://nypost.com/2020/10/15/black-man-granted-parole-after-23-years-for-stealing-clippers/

Black man granted parole after 23 years in prison for stealing hedge clippers
A black Louisiana man who was sentenced to life in prison after stealing hedge clippers in 1997 was granted parole Thursday. Fair Wayne Bryant, 63, will get a conditional release following a 3-0 vo…

Lovely day for trimming, ✂️

#SilentSunday #bloomscrolling

“Costco has made it easier for members to shell out thousands of dollars on gold bars—and get a $1.50 hot dog while they are at it.”
https://press.coop/@WSJ/112215912230520704

The Wall Street Journal :_p: (@WSJ@press.coop)
The Costco Shoppers Putting $2,000 Gold Bars in Their Carts Young investors say the old-school store of value is a hedge against inflation and catastrophe. #press https://www.wsj.com/articles/the-costco-shoppers-putting-2-000-gold-bars-in-their-carts-d4e8aeb5?utm_source=press.coop

🗼 Hidden billions in Tokyo real estate lure activist hedge funds
https://www.japantimes.co.jp/business/2024/04/16/companies/headge-funds-urge-japan-real-estate-sales/

Hidden billions in Tokyo real estate lure activist hedge funds
Billions in value can be unlocked by pressuring companies to sell off holdings, a tactic that activist funds are now employing.

Hedge Error Analysis In Black Scholes Option Pricing Model: An Asymptotic Approach Towards Finite Difference
Agni Rakshit, Gautam Bandyopadhyay, Tanujit Chakraborty
https://arxiv.org/abs/2405.02919

Hedge Error Analysis In Black Scholes Option Pricing Model: An Asymptotic Approach Towards Finite Difference
The Black-Scholes option pricing model remains a cornerstone in financial mathematics, yet its application is often challenged by the need for accurate hedging strategies, especially in dynamic market environments. This paper presents a rigorous analysis of hedge errors within the Black-Scholes framework, focusing on the efficacy of finite difference techniques in calculating option sensitivities. Employing an asymptotic approach, we investigate the behavior of hedge errors under various market…

The Delusional Hedge Algorithm as a Model of Human Learning from Diverse Opinions
Yun-Shiuan Chuang, Jerry Zhu, Timothy T. Rogers
https://arxiv.org/abs/2402.13927

The Delusional Hedge Algorithm as a Model of Human Learning from Diverse Opinions
Whereas cognitive models of learning often assume direct experience with both the features of an event and with a true label or outcome, much of everyday learning arises from hearing the opinions of others, without direct access to either the experience or the ground truth outcome. We consider how people can learn which opinions to trust in such scenarios by extending the hedge algorithm: a classic solution for learning from diverse information sources. We first introduce a semi-supervised vari…

US-based hedge fund Hunterbrook launches its newsroom, Hunterbrook Media, after raising $100M to make trades based on scoops uncovered by its reporters (Financial Times)
https://t.co/sk2wIq0ee6

Donald Trump, facing a cash crunch that puts him at a severe disadvantage to President Biden, dined on Thursday night with a small group of donors including the hedge fund billionaire #Robert #Mercer and his daughter #Rebekah, according …

Trump Rekindles Relationships With Key 2016 Donors
The former president met with the Mercers and others as he sought to keep pace financially with President Biden.

Hedge Fund Index Rules and Construction
David Xiao
https://arxiv.org/abs/2403.15925 https://arxiv.org/pdf/2403.15925

Hedge Fund Index Rules and Construction
A Hedge Fund Index is very useful for tracking the performance of hedge fund investments, especially the timing of fund redemption. This paper presents a methodology for constructing a hedge fund index that is more like a quantitative fund of fund, rather than a weighted sum of a number of early replicable market indices, which are re-balanced periodically. The constructed index allows hedge funds to directly hedge their exposures to index-linked products. That is important given that hedge fun…

A look at Hunterbrook, whose hedge fund makes trades based on investigations by its newsroom, and well-connected founders Sam Koppelman and Nathaniel Horwitz (Clare Malone/New Yorker)
https://www.newyorker.com/news/annals-of-c

This https://arxiv.org/abs/2310.14973 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_qfi…

Reconciling Open Interest with Traded Volume in Perpetual Swaps
Perpetual swaps are derivative contracts that allow traders to speculate on, or hedge, the price movements of cryptocurrencies. Unlike futures contracts, perpetual swaps have no settlement or expiration in the traditional sense. The funding rate acts as the mechanism that tethers the perpetual swap to its underlying with the help of arbitrageurs. Open interest, in the context of perpetual swaps and derivative contracts in general, refers to the total number of outstanding contracts at a given p…

I suspect that a Heron has cleared the pond of Koi, either that or they've gone on an early Spring Break which I doubt.
From a witness, my Wife, a Heron was spotted on two consecutive days sitting on the fence and on the hedge above the pond.
#PondIncidentManyPresumedDead

Such a nice day!! ☀️ Did some early morning trimming of the hedge while it was still foggy. And trimming around the yard. A few minutes after I was done and came back into the house I started to sneeze. 🤧 😂
Hi Spring. Luv u too.
#hayfever #spring

From Delays to Densities: Exploring Data Uncertainty through Speech, Text, and Visualization
Chase Stokes, Chelsea Sanker, Bridget Cogley, Vidya Setlur
https://arxiv.org/abs/2404.02317

From Delays to Densities: Exploring Data Uncertainty through Speech, Text, and Visualization
Understanding and communicating data uncertainty is crucial for making informed decisions in sectors like finance and healthcare. Previous work has explored how to express uncertainty in various modes. For example, uncertainty can be expressed visually with quantile dot plots or linguistically with hedge words and prosody. Our research aims to systematically explore how variations within each mode contribute to communicating uncertainty to the user; this allows us to better understand each mode…

#FederalProsecutors secure #GuiltyVerdict in case of #Trumpworld #SPAC Board Member for alleged $22 million

Ex-Board Member of Trump Media SPAC Merger Partner Is Guilty in Insider Trading Case | Daily Business Review
Prosecutors had accused Garelick of using information he obtained through his seat on the board of Digital World Acquisition Corporation to tip off two Florida brothers about the upcoming SPAC merger.

"It’s helpful to look toward the appendix of the report to put these numbers into perspective. GAO finds that for every hour spent auditing these returns, the IRS found thousands of dollars in unpaid taxes. For the most well-off families making $10 million or more, the IRS found $13,000 every hour. The hourly rate suggests the IRS could hire the most expensive tax accountants in the country and still come out positive. It is a return on investment that would leave Wall Street hedge fund managers drooling."
https://itep.org/irs-commissioner-gao-report-highlight-importance-of-proper-irs-funding

Republican billionaires rally around Trump for April fundraiser as election – and scramble for cash – heats up
Hedge fund founder #John #Paulson is hosting a high-dollar fundraiser next month to benefit Donald Trump’s presidential campaign that is drawing some of the Republican Party’s wealthiest donors, according to …

Filing: GB News owner All Perspectives has been forced to provide a further £41M in funding to cover operating costs, and is now owed £83.8M by GB News (Daniel Thomas/Financial Times)
https://t.co/UVJqiksHKE

"New Jersey’s 3 nuclear power plants seek to extend licenses for another 20 years"
#US #USA #America #NewJersey

New Jersey's 3 nuclear power plants seek to extend licenses for another 20 years
The company that owns New Jersey’s three nuclear power plants says it will seek federal approval to operate them for another 20 years. The power plants run by PSEG Nuclear LLC provide nearly half of New Jersey’s electricity. A licensing extension represents a potential hedge against not enough offshore wind projects being available to meet the state’s needs. It would enable the plants to run beyond 2050. PSEG Nuclear wants to extend licenses for the Salem Generating Station Units 1 and 2 …

🔊 #NowPlaying on BBCRadio1's #PeteTong
The Hedge:
🎵 The Hedge
#BBCR1 #TheHedge
https://automatedhero.bandcamp.com/track/through-the-hedge

Farming the Sun near Abergele
#dronephotography #WelshPhotography #NorthWales #agriculture

This https://arxiv.org/abs/2301.02912 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_qfi…

Minimum Cost Super-Hedging in a Discrete Time Incomplete Multi-Asset Binomial Market
We consider a multi-asset incomplete model of the financial market, where each of $m\geq 2$ risky assets follows the binomial dynamics, and no assumptions are made on the joint distribution of the risky asset price processes. We provide explicit formulas for the minimum cost super-hedging strategies for a wide class of European type multi-asset contingent claims. This class includes European basket call and put options, among others. Since a super-hedge is a non-self-financing arbitrage strateg…

It would be vicious for Paul Singer's "Elliott Management" hedge fund to (continue to) push for fascism

Endogenous Fragility in Opaque Supply Chains
Andrea Titton
https://arxiv.org/abs/2403.16632 https://arxiv.org/pdf/2403.16632

Endogenous Fragility in Opaque Supply Chains
This paper investigates the role of supply chain unobservability in generating endogenously fragile production networks. In a simple production game, in which firms need to multisource to hedge against suppliers' risk under unobservability, firms underdiversify vis-a-vis the social optimum. The unobservability of suppliers' relations is the driver behind this. In production networks where upstream risk is highly correlated and supplier relationships are not observable, the marginal risk reducti…

And, also, because who is left to expose them?
From: @…
https://mastodon.social/@dangillmor/112125973251400958

Neural Networks for Portfolio-Level Risk Management: Portfolio Compression, Static Hedging, Counterparty Credit Risk Exposures and Impact on Capital Requirement
Vikranth Lokeshwar Dhandapani, Shashi Jain
https://arxiv.org/abs/2402.17941

Neural Networks for Portfolio-Level Risk Management: Portfolio Compression, Static Hedging, Counterparty Credit Risk Exposures and Impact on Capital Requirement
In this paper, we present an artificial neural network framework for portfolio compression of a large portfolio of European options with varying maturities (target portfolio) by a significantly smaller portfolio of European options with shorter or same maturity (compressed portfolio), which also represents a self-replicating static hedge portfolio of the target portfolio. For the proposed machine learning architecture, which is consummately interpretable by choice of design, we also define the …

Andrew Neil tells Parliament that GB News will never be profitable, hedge funds shouldn't be allowed to own papers, and Spectator is more profitable than ever (Bron Maher/Press Gazette)
https://pressgazette.co.uk/news/andrew-ne…

This https://arxiv.org/abs/2105.09189 has been replaced.
link: https://scholar.google.com/scholar?q=a

Optimization of inventory and capacity in large-scale assembly systems using extreme-value theory
High-tech systems are typically produced in two stages: 1) Production of components using specialized equipment and staff; 2) System assembly/integration. Component production capacity is subject to fluctuations, causing a high risk of shortages of at least one component, which results in costly delays. Companies hedge this risk by strategic investments in excess production capacity and in buffer inventories of components. To optimize these, it is crucial to characterize the relation between co…

This https://arxiv.org/abs/2404.02317 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_csHC_…

From Delays to Densities: Exploring Data Uncertainty through Speech, Text, and Visualization
Understanding and communicating data uncertainty is crucial for making informed decisions in sectors like finance and healthcare. Previous work has explored how to express uncertainty in various modes. For example, uncertainty can be expressed visually with quantile dot plots or linguistically with hedge words and prosody. Our research aims to systematically explore how variations within each mode contribute to communicating uncertainty to the user; this allows us to better understand each mode…

This https://arxiv.org/abs/2310.07692 has been replaced.
initial toot: https://mastoxiv.page/@arXiv_qfi…

Risk valuation of quanto derivatives on temperature and electricity
This paper develops a coupled model for day-ahead electricity prices and average daily temperature which allows to model quanto weather and energy derivatives. These products have gained on popularity as they enable to hedge against both volumetric and price risks. Electricity day-ahead prices and average daily temperatures are modelled through non homogeneous Ornstein-Uhlenbeck processes driven by a Brownian motion and a Normal Inverse Gaussian Lévy process, which allows to include dependence…

Endogenous Fragility in Opaque Supply Chains
Andrea Titton
https://arxiv.org/abs/2403.16632 https://arxiv.org/pdf/2403.16632

Endogenous Fragility in Opaque Supply Chains
This paper investigates the role of supply chain unobservability in generating endogenously fragile production networks. In a simple production game, in which firms need to multisource to hedge against suppliers' risk under unobservability, firms underdiversify vis-a-vis the social optimum. The unobservability of suppliers' relations is the driver behind this. In production networks where upstream risk is highly correlated and supplier relationships are not observable, the marginal risk reducti…

[Thread] The California Journalism Protection Act is good for big media and hedge funds like Alden, but not for indie local outlets like the Richland Source (Jay Allred/@jayallred651)
https://twitter.com/jayallred651/status/1781393066663805267

Jay Allred (@jayallred651) on X
Can we talk about Google and the California Journalism Protection Act for a minute? 1/

Neural Networks for Portfolio-Level Risk Management: Portfolio Compression, Static Hedging, Counterparty Credit Risk Exposures and Impact on Capital Requirement
Vikranth Lokeshwar Dhandapani, Shashi Jain
https://arxiv.org/abs/2402.17941

Neural Networks for Portfolio-Level Risk Management: Portfolio Compression, Static Hedging, Counterparty Credit Risk Exposures and Impact on Capital Requirement
In this paper, we present an artificial neural network framework for portfolio compression of a large portfolio of European options with varying maturities (target portfolio) by a significantly smaller portfolio of European options with shorter or same maturity (compressed portfolio), which also represents a self-replicating static hedge portfolio of the target portfolio. For the proposed machine learning architecture, which is consummately interpretable by choice of design, we also define the …

Optimal positioning in derivative securities in incomplete markets
Tim Leung, Matthew Lorig, Yoshihiro Shirai
https://arxiv.org/abs/2403.00139 https://

Optimal positioning in derivative securities in incomplete markets
This paper analyzes a problem of optimal static hedging using derivatives in incomplete markets. The investor is assumed to have a risk exposure to two underlying assets. The hedging instruments are vanilla options written on a single underlying asset. The hedging problem is formulated as a utility maximization problem whereby the form of the optimal static hedge is determined. Among our results, a semi-analytical solution for the optimizer is found through variational methods for exponential, …