Nuns In Germany, In Search For Yield, Sell Deutsche Bank Shares After Learning About SWAPs

HFA Padded
Mark Melin
Published on
Updated on

Is this the top version #389 featuring Nuns Amid a global search for yield in a sea of negative interest rates in Europe sits a solitary convent in Germany. The nuns who occupy the facility live a Spartan life, selling milk and candles and at one point collecting interest off a nearly $2.1 million investment portfolio. With rates turning negative and economics being turned upside down in the Eurozone, the nuns pray and actively manage their money. Their strategy is working. With a hope and a prayer, the sister’s sacred portfolio delivered a 2.6% return on investment, significantly higher than…

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HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.