Assorted Links

1. A super speech by Fed Governor Mishkin on Globalisation and Financial Development. He also talks about the role of institutions in financial development, the topics I had blogged on previously (here and here) He is one of my favourite economists. His papers are one of the simplest to read.
2. On Hedge Funds (By Brad De Long) . On Hedge Fund salaries.
3. A good review of Susan Athey's work (mentioned in previous post). Here is David Warsh praising her work. Here is Economist Profiling her work
4. Lee Iacocca Interview .
5. Diary of an Investment Banker. How little money they make?
6. Contronyms?? Find out for yourself

Thanks to Marginal Revolution for 2 (1) & 6, Finance Professor for 2(2), 4 & 5 and New Economist for 3

Assorted Links...mostly Hedge Funds (25 Apr 2007)

Read this about Hedge Fund pay packets (From FT)

The combined earnings of the world's top 25 hedge fund managers of more than $14bn (£7.49bn) exceeded the national income of Jordan last year and 3 individuals took home more than $1bn, according to the biggest annual industry survey.

The survey by Alpha Magazine put Jim Simons of Renaissance Technologies on earnings of $1.7bn, Ken Griffin of Citadel Investment Group on $1.4bn and Eddie Lampert of ESL Investments on $1.3bn. The previous year, two managers, Mr Simons and the septuagenarian T Boone Pickens of BP Capital Management, topped the $1bn mark.

1. An excellent series of articles on Hedge Funds
2. Read this good blog entry on Why is the top one percent earning more?
3. Hedge Fund - a billion dollar club
4. Return of the idiot ( a nice article on Latin America)

Thanks to Marginal Revolution for (3) and to Ajay Shah for (4)