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Q: Tobacco Bonds and Measuring Risk ( No Answer,   4 Comments )
Question  
Subject: Tobacco Bonds and Measuring Risk
Category: Business and Money > Finance
Asked by: nronronronro-ga
List Price: $40.00
Posted: 21 Jan 2003 19:34 PST
Expires: 20 Feb 2003 19:34 PST
Question ID: 146791
This concerns two different questions.  Here's the background...

I am a financial advisor.  One of my best clients called today to ask
about "tobacco bonds in California."  I said, "Great idea!"  Trouble
is, I've never heard of tobacco bonds or how to buy them for my
client.  A great answer to this part of the question would be 2-3 web
sites, and an *actionable* trade I could place for this client
tomorrow morning.

Part B:  The client also wanted to know about risk measures for a
financial portfolio.  This subject, I do know.  The client had a
specific request:  5+ academic papers (Journal of Finance, Journal or
Portfolio Management, et al.)
which discuss risk measures (e.g., Sharpe ratio, Treynor ratio, etc.)

So if you resemble the Professor from Gillgan's Island,  perhaps you
could give me 5-10 academic links in this area----the more inscrutable
the material, the better.  :-)

I need this by January 22 at 9 AM.  Hence, speed takes precedence over
quality.
(Helpful hint:  you don't need to explain either Part A or Part B. 
You just need to point me to some helpful resources.)

All comments greatly appreciated.   Thank you!!
Answer  
There is no answer at this time.

Comments  
Subject: Re: Tobacco Bonds and Measuring Risk
From: dsquared-ga on 22 Jan 2003 01:23 PST
 
"Tobacco bonds in California" almost certainly refers to the bonds
floated by the State of California backed by projected revenues from
their settlement with the cigarette companies.  I don't know anything
about them, but dare say that as a financial advisor you'll be able to
track down a friendly broker; the thing to remember is that they're
California state bonds, not intrinsically "tobacco bonds".  CA is
auctioning a bunch of them this week, and the actionable trade would
either to place a bid for your client, or to wait and buy them in the
aftermarket if you think they'll fall.  I dunno.  Your favourite muni
bond operator should be able to hook you up.

http://news.google.com/news?hl=en&scoring=d&q=tobacco+bonds+california

seems to dredge up a bunch of stories.

As regards part two, Bill Sharpe's site is probably the best starting
point:

http://www.stanford.edu/~wfsharpe/home.htm

You might be able to get your five academic papers right there;
elsewise, it has a load of links.

Good luck.
Subject: Re: Tobacco Bonds and Measuring Risk
From: nronronronro-ga on 22 Jan 2003 09:33 PST
 
Thanks, dsquared!  If there is no answer by 5 PM today, please re-post
as an answer so I can pay you for your time.  Thanks again.  ron
Subject: Re: Tobacco Bonds and Measuring Risk
From: dsquared-ga on 22 Jan 2003 10:57 PST
 
No no no.  I don't have an account here; I'm just an old
anarchosyndicalist nostalgic for the days when the Web would answer
questions for free.  If you want to give the money to some charity or
other, go ahead, but don't feel you have to.
Subject: Re: Tobacco Bonds and Measuring Risk
From: nronronronro-ga on 22 Jan 2003 11:58 PST
 
Well, my fellow Luddite...I also miss the days when one could place a
telephone call and actually speak with a live person.  heh  heh  heh  
Why don't you post the answer, I'll pay you, and then you can give it
to charity.  :-)

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