Link Fest

Several interesting entries have flowed through my Google Reader account in the past few days. In no particular order:

• Is this a good time to invest? Should you be making extra year-end superannuation contributions given the current financial climate. Robin Bowerman at news.com's Smart Investing blog comments.
• Felix Salmon over at Portfolio.com asks "Why do Investors Pay Fund-of-Funds managers?" This question is particularly interesting in light of the paper I recently found on SSRN: Wolf in Sheep's Clothing: The Active Investment Strategies Behind Index Performance recently published in European Financial Management.
• And there are conflicting opinions about the attractiveness of Wesfarmer's rights issue. The Australian came out early in favor of the company, while Merrill Lynch recommends against investing.
• In The Australian Michael Sainsbury wrote an analysis piece earlier this week that discusses the relative cheapness of equity in the current financial environment. This has major implications for capital structure decisions being made currently (as at Wesfarmers). Another example of equity raising is over at the Bank of Scotland.