Matt Levine, Columnist

Cat Funds and Cooking IPOs

Also bitcoin swaps, SALT, doctors vs. bankers and Marcus Goldman with a nose ring.

June 2, 2017 at 1:27 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Cat beta.

For science, Bloomberg's Dani Burger built an index of companies with "cat" in their names, found that it was up 849,751 percent in a backtest, and shopped the idea to various quants, who gamely made fun of it. Cliff Asness: