Friday, Aug 17, 2007
If hedge funds were a country, it would be the eighth-biggest on the planet. They can sink whole economies, and have the potential to crash the entire global financial system. Yet they are beyond regulation. We should be very afraid
statesman: Sell-out: Why hedge funds will destroy the world
Inside the hedge: a day in the life 45am: I am in front of my multiple screens at our St James's-based offices after a Tube ride from north London, beating the rush hour and allowing me to read up on news and concentrate on the ordre du jour.By 8am, when all European markets open, the phones stop ringing for about 45 minutes. This is when we decide what we'll do for the morning, trading-wise, until the US market opens or corporate and economic data feeds through. Today's story is that AMD is bidding for ATI in the US - great news if you hold European semiconductor stocks in Europe and Asia like me. The bad news is that Bank of Cyprus has pulled its counterbid for Emporiki Bank after a thumbs-down from Central Bank of Cyprus. I'd been building a position in Emporiki in the hope that Créde
3 Comments
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1. Stoatgobbler said...
A fairly complete misunderstanding of the Hedge Fund industry there.
2. Freewheelin' Franklin said...
A bit old.....
3. inbreda said...
Why Stoatgobbler?