Reinventing the corporate bond
Financial engineer John McQuown is proposing to create a liquid, default-free bond-like security.
Add BT as a preferred source
JOHN "Mac" McQuown yanks on a chain and hoists open a metal roll-up door with a clang. In a flowery aloha shirt, shorts and sandals, he looks like a retiree with little more on his mind than sipping a mai tai by the pool. But Mr McQuown is actually one of the architects of the modern investing system, and he's far from retiring, Bloomberg Markets magazine will report in its March issue.
A mechanical engineer, Mr McQuown, 80, likes to make things at Stone Edge Farm, his 16-acre (6.5-hectare) estate nestled between two mountain ranges north of San Francisco.
In his metal shop, he machines parts for the natural gas-fired microturbine he's installed in the compound. Rows of cabernet sauvignon vines hang heavy with ripening purple fruit destined for his winery. He even keeps hundreds of thousands of bees to make his own honey.
TRENDING NOW
SIA sinks into the red with S$76 million Q1 loss as fuel costs jump
15-month wait-out curb lifted for private property owners buying HDB resale flats
ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land
A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap
