Smith Breeden Associates: The Equity Plus Fund (A) Case Solution
The Equity Plus Fund was a - increased S&P index fund that attempted to outperform the S&P Index by duplicating the index through the use of cheap derivative strategies and funding in cash the remaining a hedged portfolio of mortgage-backed securities.
The fund had performed well since beginning, with an annualized total return above that of the . Index S&P Nevertheless, this operation hadn't resulted in substantial increase of the assets of the fund. With its functionality record, Smith Breeden had several alternatives. The fund could be marketed by it sharply, it could offer other sector-specific funds, or it could create an improved index fund aligned with a worldwide stock-market index.
This is just an excerpt. This case is about FINANCE & ACCOUNTING
PUBLICATION DATE: February 17, 1997
Related Case Solutions & Analyses:
Cultivating Social Enterprise in Peru: Portfolio Approach
Global Fabricators Inc.
Corporate Solutions at Jones Lang LaSalle (2001)
Molycorp: Morgan Brothers’ Reverse Convertible Notes (C)
California Choppers
Regulation: A Transaction Cost Perspective
Williamson’s Contribution and Its Relevance to 21st Century Capitalism
Canadian Pacific’s Bid for Norfolk Southern
The Blackstone Group’s IPO, Chinese Version
Subprime Meltdown: American Housing and Global Financial Turmoil, Chinese Version
