Author Archives: Peter J. de Marigny

DITMo: “TRUMP TARGET: AVERTING TAXES – THREE EXPLOITED LOOPHOLES”

16Nov16 by Pj de Marigny, DITMo Capital, Newport Beach, CA For those who consult in the private wealth area and for estate attorneys (some who have turned advisor for the huge insurance commissions), egregious tax loopholes for the global wealthy is the most profitable part of financial services. Consider that insurance products are tax-advantaged and commonly used in all sorts […]

The Story of Skybridge Capital: Book Review

Skybridge Capital “HOtRH” Book Review and Background by Pj de Marigny, DITMo Capital, Newport Beach, CA (06Nov16) Fund of hedge funds (FoHFs) have had a hard time substantiating their existence. The value proposition benefits are: due diligence, dynamic manager allocation, liquidity/leverage, and perhaps, an equity kicker if the structure includes emerging managers. The costs for these potential benefits are: added […]

DITMo: What Is Missing From The Presidential Economic Debate?

29Sep16 The candidates have released their economic plans and the expected results of their fiscal policies are the subject of great debate and analysis. The choice of which plan will produce growth finds its distinction in tax policy. One model is presented as pay-as-you-go redistribution; the other, a supply-side solution to spur growth using tax incentives. The focus is on […]

DITMo: The Biggest Risk – Question To Bill Gross

  Just before the Brexit vote, Bloomberg invited fixed income subscribers to their sponsored Fixed Income Summit in Los Angeles where former PIMCO / current JANUS legendary bond magnate Bill Gross was interviewed on stage for about an hour.  Below is a link to the Q&A with Bill Gross.  None believed that Brexit posed a systematic risk and there were […]

DITMo: Why Risk Parity Hedge Funds are Return Parity Vehicles

  As hedge funds increasingly employ new approaches to asset allocation there has been a rise in the use of Risk Parity funds.  The vulnerability of Risk Parity funds is that they allocate by risk rather than by value. That is actually a bet on whether equities will outperform the return of additional risk adjusted asset class allocations utilizing leverage. […]

DITMo: A Venture Capitalist Juxtaposition of Presidential Candidates

  This is not a political article but a juxtaposition as a Venture Capitalist hiring a turn-around CEO for the United States of the 2016 Presidential Candidates. If we view the U.S. economy as a company that needs to be managed, we may breakdown the economic potential in terms of Products, Processes and People. Let us view the measurements of […]

DITMo: QE TO PREVENT AN INVERSION AND RECESSION?

The following article proposes the fed take action to prevent a yield curve inversion that is imminent causing a massive recession. Can monetary policy manipulating the yield curve fool the market into avoiding an otherwise determined recession? http://www.zerohedge.com/news/2016-08-30/if-fed-doesnt-restart-qe-yield-curve-inversion-economic-dislocation-imminent So in 2008 there was TARP to bail out banks (who followed government policy into the abyss) buying their bad mortgages forcing […]

DITMo: PRICING AN ASSET BY RISK: CNBC Spot On Student Housing

As an asset manager having worked in almost every asset class from venture writing pitch books for securities offerings; to capital markets trading – equity, bonds and derivatives; to alternative classes such as private equity, hedge funds and real estate, it is easy to observe the interdependence and adverse consequences of government intervention in market pricing. The cause of most […]

DITMo: Minimum Wage WARNING to States

Subsistence, livable wage and minimum wage as monetary terms differ. A person working forty hours weekly supporting an average household should set the minimum bar in the free market for wages enough to provide for that household. This is a livable wage. It seems that a free market natural minimum guideline for a forty hour worker would approximate a basic […]

DITMo Hedge Strategy Monthly (June12, Issue11) New Release

DITMo Hedge Strategy Monthly Jun12-Issue11Attributions, Rankings and Performances for Hedge Fund Classes and Indexes with Probabilities, Graphs, and pullout Color Matrices. By Pj de Marigny, PM DITMo Strategies / Renovatio Asset Management