Remove Benchmarking Remove Credit Risk Remove Securities Remove Treasury
article thumbnail

Transcript: Greg Davis, CIO Vanguard

Barry Ritholtz

I did an internship in the summer at Citibank Securities in fixed income sales and trading. So you think back 30 years, there was so many people who were focused on individual security selection, picking individual stocks. They create the benchmark. RITHOLTZ: How’d you end up at Merrill Lynch in the 1990s? RITHOLTZ: Right.

article thumbnail

Transcript: Ted Seides

Barry Ritholtz

SEIDES: If the S&P is your benchmark, which it isn’t for these pools of capital. RITHOLTZ: What should be their benchmark? So the proper benchmark for those pools has to look a little bit like the underlying assets they’re investing in. So what do you use for a benchmark? So the credit markets froze.

article thumbnail

Transcript: Rick Rieder

Barry Ritholtz

So the idea being, you know, that we could analyze, dissect companies anywhere from, you know, senior securities, secured down to distressed. And because remember, Lehman had the Lehman Agg and that was the benchmark. So I think there are 4,800 equities, different securities globally. RITHOLTZ: Is that how you ran R3?