April 21, 2014
SocGen says low vol has been great for issuers but there are signs the salad days are over.
researchers say that the great volatility short may be at an end. Stock
volatility, measured by the VIX, has dropped remarkably since the end
of the financial crisis, and hedge funds have made oodles of money
shorting the index and related ETFs. Meanwhile, companies have had a
great opportunity to issue...