Bank of Spain “Discovers” €20.50 Billion in Hidden Non-Performing Loans; Bank of Spain Translated (via Market Shadows)
Courtesy of Mish. Via translation, El Economista reports the Bank of Spain Discovers €20.50 Billion Hidden Delinquencies. Emphasis on the word “discovers” not added. Non-performing loans of Spanish banks to the end of September totaled €92.224…
Abacab Fund Sees Mispricing In Options As Black-Scholes Has Become “Inadequate”
Abacab Asset Management's flagship investment fund, the Abacab Fund, had a "very strong" 2020, returning 25.9% net, that's according to a copy of the firm's year-end letter to investors, which ValueWalk has been able to review. Commenting on the investment environment last year, the fund manager noted that, due to the accelerated adoption of many Read More
