Do you agree with the characterization that OCIP was run as a hedge fund? 2....

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Finance

Do you agree with the characterization that OCIP was run as a hedge fund? 2. Why are repurchase agreement (repo) a very inexpensive form of short term nancing? 3. Comment on the maturity structure of OCIP assets and liabilities. 4. Explain how leverage was enabling OCIP to deliver signicantly higher returns than other municipal entities in California. 5. Should municipal entities such as OCIP be forbidden to use leverage.

book Jacque, Laurent L. Global Derivative Debacles: From Theory To Malpractice, World Scientific Publishing Company, 2010.

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