|
News 05.02.2010 - the weekend story MORAL OF THE STORY: Be responsible for yourself! The ant works hard in the withering heat and the rain all summer long, building his house and laying up supplies for the winter. Come winter, the shivering grasshopper calls a press conference and demands to know why the ant should be How can this be, that in a country of such wealth, this poor grasshopper is allowed to suffer so? ACORN stages a demonstration in front of the ant's house where the news stations film the group singing, "We shall overcome." Then Rev. Jeremiah Wright has the group kneel down to pray to God for the grasshopper's sake. Nancy Pelosi & Harry Reid exclaim in an interview with Larry King that the ant has gotten rich off the back of the grasshopper, and both call for an immediate tax hike on the ant to make him pay his fair share. The ant is fined for failing to hire a proportionate number of green bugs and, having nothing left to pay his retroactive taxes, his home is confiscated by the Government Green Czar and given to the grasshopper. The ant has disappeared in the snow, never to be seen again. The entire Nation collapses bringing the rest of the free world with it. 28.01.2010 - Winter in Ireland John Bradford, a Dublin University student, was on the side of the road hitchhiking on a very dark night and in the midst of a big storm. The night was rolling on and no car went by. The storm was so strong he could hardly see a few feet ahead of him. 17.11.2009 - stux results for October Stux Capital continues to perform and very well on top ! And for quite a while, too ! This months only the "value" concept failed to beat the benchmark. CalPERS added money to Stux strategies. The funds-information shows that "core structured", "growth" und "value" has beaten their benchmark this year by 381, 489 und 273 basispoints; "core" product underperformed by 54 basispoints. call us for the monthly report and the risk disclosure report for you 13.11.2009 - Convexity and its partners 09.11.2009 - Customs nightmare "Sorry" responds the Italian officer, "He can'ta come. He'sa busy witha 2 guys in a Fiat Uno" 22.10.2009 - Stux Quarterly Results For the month of September, three of four products outperformed their benchmarks. Only the Core product underperformed. Look no further for an exceptional US equity manager ! The quarterly report and the performance disclosure are within reach. you just need to call 15.09.2009 - US equities - an idea for an excellent manager Ivan Stux used to run the quant team of the Morgan Stanley equity research (not all things were evil at the time) and he quit in Y2K to set up his own investment management firm with the support of CalPERS who are still invested. The segments "core structured", "growth" and "value" all have outperformed their benchmarks by more than 250 bps whilst the "core" segment underperformed its benchmark by 75 bps (all y-t-d) You may look at the attached docs with the details of the performance up to and including August. The disclosure statements are also attached. 13.09.2009 - have a nice weekend Customer: 'I've been ringing 0800 2100 for two days and can't get through to enquiries, can you help?'. Operator: 'Ridge Hall, computer assistance; may I help you?' 10.09.2009 - David Letterman.... Attached to EACH rose was a crisp one hundred-dollar bill. The card said: 'Thanks for the best laugh we've had in years.' It was signed: Eddie Murphy & Michael Jordan.
09.09.2009 - Maddoff and the banking scene 18.08.2009 - some news from Kabul... 24.07.2009 - some more wisdom for the weekend.... One day the poodle starts chasing butterflies and before long, Cuddles discovers that he's lost. Wandering about, he notices a leopard heading rapidly in his direction with the intention of having lunch. Hearing this, the young leopard halts his attack in mid-strike, a look of terror comes over him and he slinks away into the trees. 'Whew!' says the leopard, 'That was close! That old poodle nearly had me!' Meanwhile, a monkey who had been watching the whole scene from a nearby tree, figures he can put this knowledge to good use and trade it for protection from the leopard. So off he goes, but the old poodle sees him heading after the leopard with great speed, and figures that something must be up. The monkey soon catches up with the leopard, spills the beans and strikes a deal for himself with the leopard. The young leopard is furious at being made a fool of and says, 'Here, monkey, hop on my back and see what's going t o happen to that conniving canine! Now, the old poodle sees the leopard coming with the monkey on his back and thinks, 'What am I going to do now?', but instead of running, the dog sits down with his back to his attackers, pretending he hasn't seen them yet, and just when they get close enough to hear, the old poodle says, 'Where's that damn monkey? I sent him off an hour ago to bring me another leopard! 02.07.2009 - greetings from Downunder The British are feeling the pinch in relation to recent terrorist threats in Islamabad and have raised their security level from "Miffed" to "Peeved." Soon, though, security levels may be raised yet again to "Irritated" or even "A Bit Cross". Brits have not been "A Bit Cross" since the blitz in 1940 when tea supplies all but ran out. Terrorists have been re-categorised from "Tiresome" to a "Bloody Nuisance". The last time the British issued a "Bloody Nuisance" warning level was during the great fire of 1666. The French government announced yesterday that it has raised its terror alert level from "Run" to "Hide". The only two higher levels in France are "Collaborate" and "Surrender". The rise was precipitated by a recent fire that destroyed France's white flag factory, effectively paralysing the country's military capability. It's not only the French who are on a heightened level of alert. Italy has increased the alert level from "Shout loudly and excitedly" to "Elaborate Military Posturing". Two more levels remain: "Ineffective Combat Operations" and "Change Sides". The Germans also increased their alert state from "Disdainful Arrogance" to "Dress in Uniform and Sing Marching Songs." They also have two higher levels: "Invade a Neighbour" and "Lose". Belgians, on the other hand, are all on holiday as usual, and the only threat they are worried about is NATO pulling out of Brussels. The Spanish are all excited to see their new submarines ready to deploy. These beautifully designed subs have glass bottoms so the new Spanish navy can get a really good look at the old Spanish navy. Americans meanwhile are carrying out pre-emptive strikes on all of their allies, just in case. And at a local level... New Zealand has also raised its security levels - from "baaa" to "BAAAA!". Due to continuing defence cutbacks (the airforce being a squadron of spotty teenagers flying paper aeroplanes and the navy some toy boats in the Prime Minister's bath), New Zealand only has one more level of escalation, which is "Sh**, I hope Australia will come and rescue us". Australia, meanwhile, has raised its security level from "No worries" to "She'll be right, mate". Three more escalation levels remain: "Crikey!", "I think we'll need to cancel the barbie this weekend" and "The barbie is cancelled". There has not been a situation yet that has warranted the used of the final escalation level. 27.06.2009 - Are there illusions in Asset Management ??? are there illusions in Asset Management ? this question comes up every now and then. I think there are - if you look at Einstein now, just move back 5 or 6 yards away from your screen and you will discover the face of.... 11.03.2009 - Some medical advice... 10.03.2009 - Credit Cards..... see what may happen when you next try to pay your bill.... 21.02.2009 - What have we learned in 2063 years? Obviously nothing... "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." - Cicero - 55 BC 21.01.2009 - Banking worries 09.01.2009 - Harry Truman... A humble man who entered the limelight, took care of business, then returned to being what he was - a humble man. Harry S Truman was a different kind of President. He probably made as many important decisions regarding our nation's history as any of the other 42 Presidents. However, a measure of his greatness may rest on what he did after he left the White House. The only asset he had when he died was the house he lived in, which was in Independence, Missouri. His wife had inherited the house from her mother and other than their years in the White House, they lived their entire lives there. When he retired from office in 1952, his income was a U.S. Army pension reported to have been $13,507.72 a year. Congress, noting that he was paying for his stamps and personally licking them, granted him an 'allowance' and, later, a retroactive pension of $25,000 per year. After President Eisenhower was inaugurated, Harry and Bess drove home to Missouri by themselves. There was no Secret Service following them. When offered corporate positions at large salaries, he declined, stating, "You don't want me. You want the office of the President, and that doesn't belong to me. It belongs to the American people and it's not for sale." Even later, on May 6, 1971, when Congress was preparing to award him the Medal of Honor on his 87th birthday, he refused to accept it, writing, "I don't consider that I have done anything which should be the reason for any award, Congressional or otherwise." As president he paid for all of his own travel expenses and food. Modern politicians have found a new level of success in cashing in on the Presidency, resulting in untold wealth. Today, many in Congress also have found a way to become quite wealthy while enjoying the fruits of their offices. Political offices are now for sale. Good ol' Harry S Truman was correct when he observed, "My choices in life were either to be a piano player in a whore house or a politician. And to tell the truth, there's hardly any difference." 09.01.2009 - Perhaps Australia is it !!! Muslims who want to live under Islamic Sharia law were told to get out of Australia, as the government targeted radicals in a bid to head off potential terror attacks. Separately, Howard angered some Australian Muslims by saying he supported spy agencies monitoring the nation's mosques. Quote: 'IMMIGRANTS, NOT AUSTRALIANS, MUST ADAPT. Take It Or Leave It. I am tired of this nation worrying about whether we are offending some individual or their culture. Since the terrorist attacks on Bali , we have experienced a surge in patriotism by the majority of Australians.' 'This culture has been developed over two centuries of struggles, trials and victories by millions of men and women who have sought freedom' 'We speak mainly ENGLISH, not Spanish, Lebanese, Arabic, Chinese, Japanese, Russian, or any other language. Therefore, if you wish to become part of our society, Learn the language!' 'Most Australians believe in God. This is not some Christian, right wing, political push, but a fact, because Christian men and women, on Christian principles, founded this nation, and this is clearly documented. It is certainly appropriate to display it on the walls of our schools. If God offends you, then I suggest you consider another part of the world as your new home, because God is part of our culture.' 'We will accept your beliefs, and will not question why. All we ask is that you accept ours, and live in harmony and peaceful enjoyment with us.' 'This is OUR COUNTRY, OUR LAND, and OUR LIFESTYLE, and we will allow you every opportunity to enjoy all this. But once you are done complaining, whining, and griping about Our Flag, Our Pledge, Our Christian beliefs, or Our Way of Life, I highly encourage you take advantage of one other great Australian freedom, 'THE RIGHT TO LEAVE'.' 'If you aren't happy here then LEAVE. We didn't force you to come here. You asked to be here. So accept the country YOU accepted.' 19.12.2008 - Factory Jobs are rare and funny There is a factory in Northern Minnesota which makes the Tickle Me Elmo toys. The toy laughs when you tickle it under the arms. Well, Lena is hired at The Tickle Me Elmo factory and she reports for her first day promptly at 8:00 am. The next day at 8:45 am there is a knock at the Personnel Manager's door. The Foreman throws open the door and begins to rant about the new employee. He complains that she is incredibly slow and the whole line is backing up, putting the entire production line behind schedule. The Personnel Manager decides he should see this for himself, so the 2 men march down to the factory floor. When they get there the line is so backed up that there are Tickle Me Elmo's all over the factory floor and they're really beginning to pile up. At the end of the line stands Lena surrounded by mountains of Tickle Me Elmo's She has a roll of plush Red fabric and a huge bag of small marbles. The 2 men watch in amazement as she cuts a little piece of fabric, wraps it around two marbles and begins to carefully sew the little package between Elmo's legs. The Personnel Manager bursts into laughter. After several minutes of hysterics he pulls himself together and approaches Lena. 'I'm sorry,' he says to her, barely able to keep a straight face, 'but I think you misunderstood the instructions I gave you yesterday...' 'Your job is to give Elmo two test tickles. 18.12.2008 - Ponzi scheme even in the UK ??? Regulators were stunned last night by Gordon Brown(off)'s admission that he had for a decade been running a giant Ponzi scheme. Across the UK, investors were seduced by his pledge of never-ending returns and his promise that there would be no return to boom and bust. Some say there were red flags that were obvious to anyone who took the trouble to look. They point to his claim to have abolished the business cycle and the constant flow of cash into public sector salaries - all of it funded by debt and promises of ever greater tax returns. For years he was giving money to one group by taking it from another. Nurses were paid by money raised from utilities; utilities were paid by cuts in corporation tax; women were paid by money raised from men and men paid by money raised on women. Teachers were financed by smokers and smokers by drivers. Even to the end Brownoff was seeking new victims. Last month he offered existing investors a £20bn payout - paid through a complex VAT reduction mechanism. Delighted investors pocketed the cash and Brownoff's opinion poll stock rose steadily. But investigators say he never had the money for the payout and intended to get it back from those same investors over the next three years, trying to sell new Brownoff bonds to credulous overseas buyers. The secretive Brownoff for years resisted having his books audited independently, preferring instead to use a husband-and-wife firm in Pontefract, Balls Cooper. Part of his success was he seemed so well-connected. "He even knew Peter Mandelson," said one investor 15.12.2008 - a few things to smile about.... A woman is standing nude looking in the bedroom mirror. She is not happy with what she sees and says to her husband, 'I feel horrible; I look old, fat and ugly. I really need you to pay me a compliment.' The husband replied, 'Your eyesight's good.' 11.12.2008 - Falls Sie immer noch an den Weihnachtsmann glauben... A Christmas Story for people having a bad day: 10.12.2008 - Christmas Party Jack wakes up with a huge hangover after attending his company's xmas party. Jack is not normally a drinker, but the drinks didn't taste like alcohol at all. He didn't even remember how he got home from the xmas party. As bad as he was feeling, he wondered if he did something wrong. Jack had to force himself to open his eyes, and the first thing he sees is a couple of aspirins next to a glass of water on the side table. And, next to them, a single red rose!! Jack sits up and sees his clothing in front of him, all clean and pressed. He looks around the room and sees that it is in perfect order, spotlessly clean. So is the rest of the house. He takes the aspirins, cringes when he sees a huge black eyestaring back at him in the bathroom mirror. Then he notices a note hanging on the corner of the mirror written in red with littlehearts on it and a kiss mark from his wife in lipstick: 'Honey,breakfast is on the stove, I left early to get groceries to makeyou your favorite dinner tonight. I love you, darling! Love, Jillian' He stumbles to the kitchen and sure enough, there is hot breakfast, steaming hot coffee and the morning newspaper. His 16 year old son is also at the table,eating. Jack asks, 'Son, what happened last night?' 'Well, you came home after 3 A.M., drunk and out of your mind you fell over the coffee table and broke it, and then you puked in the hallway, and got that black eye when you ran into the door' Confused,he asked his son, 'So, why is everything in such perfect order and so clean? I have a rose, and breakfast is on the table waiting for me??' His son replies, 'Oh THAT... Mom dragged you to the bedroom, and when she tried to take your pants off, you screamed, 'Leave me alone, I'm married!!' Broken coffee Table $239.99 Hot breakfast $4.20 Two aspirins $.38 Saying the right thing, at the right time: PRICELESS 05.12.2008 - he finnally did it !!! 24.11.2008 - That looked quite different before... 24.11.2008 - In case you were wondering... ...who is running the country : 1. The Wall Street Journal is read by the people who run the country 2. The Washington Post is read by people who think they run the country. 3. The New York Times is read by people who think they should run the country and who are very good at crossword puzzles. 4. USA Today is read by people who think they ought to run the country but don't really understand The New York Times. They do, however, like their statistics shown in pie charts in color. 5. The Los Angeles Times is read by people who wouldn't mind running the country -- if they could find the time -- and if they didn't have to leave Southern California to do it or take those pesky drug tests. 6. The Boston Globe is read by people whose parents used to run the country and did a poor job of it, thank you very much. 7. The New York Daily News is read by people who aren't too sure who's running the country and don't really care as long as they can get a seat on the train and the Yankees win. 8. The New York Post is read by people who don't care who is running the country as long as they do something really scandalous, preferably while intoxicated and the Mets win. 9. The Miami Herald is read by people who are running another country but need the baseball scores to see how the Mets & Yankees did. 10. The San Francisco Chronicle is read by people who aren't sure if th ere is a country or that anyone is running it; but if so, they oppose all that it stands for. There are occasional exceptions if the leaders are handicapped minority feminist atheist bisexual dwarfs who also happen to be illegal aliens from any other country or galaxy, provided of course, that they are not Republicans. 11. The National Enquirer is read by people trapped in line at the grocery store. 12. The Seattle Times is read by people who have recently caught a fish and need something to wrap it in. 14.11.2008 - quite a mathematical thought.... Here is a little something someone sent me that is indisputable mathematical logic. (It also made me Laugh Out Loud.) Remember, this is a strictly mathematical viewpoint. It goes like this: What Makes 100%? What does it mean to give MORE than 100%? Ever wonder about those people who say they are giving more than 100%? We have all been to those meetings where someone wants you to give over 100%. How about achieving 103%? What makes up 100% in life? Here's a little mathematical formula that might help you answer these questions: If: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z is represented as: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26. Then: H-A-R-D-W-O-R-K 8+1+18+4+23+15+18+11 = 98% and K-N-O-W-L-E-D-G-E 11+14+15+23+12+5+4+7+5 = 96% But , A-T-T-I-T-U-D-E 1+20+20+9+20+21+4+5 = 100% And, B-U-L-L-S-H-I-T 2+21+12+12+19+8+9+20 = 103% AND, look how far ass kissing will take you. A-S-S-K-I-S-S-I-N-G 1+19+19+11+9+19+19+9+14+7 = 118% 09.11.2008 - The Tunnel 21.05.2008 - our new office in Frankfurt 19.05.2008 - That's where we are in Frankfurt our new address Bockenheimer Landstrasse 79, 60325 Frankfurt Our phone numbers have not changed 27.06.2007 - New trendfollower has joined Convexity ! We are gad to inform you about a new principal. Grohmann & Weinrauter is a specialist trend follower founded in 1991. They have successfully broadened their retail fund business and we shall now work with them on the institutional side. Especially in weaker bond- and equity markets it is worth looking at their track record 07.11.2006 - Stresstest Stresstest is key to all insurance regulated entities (as if they had not enough stress already). If you want to manage your assets to optimize your stresstest related returns, keep looking at the below chart. We have the solution for you ! 01.07.2006 - BaFin granted Convexity license
Gerne möchten wir hier auf andere Internetseiten hinweisen, die uns zu diesem Thema aufgefallen sind, oder mit Convexity kooperieren:
|
Home • News • Dienstleistung • Team • Über
Uns • Links • Kontakt