Daily news service
One of Bay Street’s classic personalities, Caldwell has a pedigree that goes back to its bond trading roots of. Caldwell was heard a couple times this year chatting up the still-unknown consequences of the mass move by investors into index products. “I don’t know how, I don’t know when, but I wouldn’t be surprised if that’s where the next market blow-up is,” Caldwell told WP earlier this year. Interestingly, a recent article in the Journal of Finance suggests the mass move to indexing is increasing market vulnerability. There is a reason Caldwell was voted into the IIAC Hall of Fame in 2014.
150 King Street West Suite 1710 PO Box 47 Toronto, ON M5H 1J9