Paul Kim, Simplify Asset Management – Embracing Convexity Through The ETF Structure | #402
The Meb Faber Show - Better Investing
The Derivative Rule
Before that rule was, as in the us, mutual funds, we're able to use derivatives. Ar still are. But it really limited how much. It didn't take into account what kind of derivative it was. So levering up tea bills is very different from levering up equities or commodities. And so it takes that and levels it. What does that do for people? Well, it actually makes things like long short strategies, tales strategies, anywhere where you have a lot of notional, but relatively modest impact e to day,. The whole liquid altz category, which i joked was basically just libor before iis like libor plus something, and very sive,
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