Back in 1995 my club AFC Ajax was the reigning champion of the Europe – of the world, to be more specific. The old stadium was still in use and the new one had yet to be build. In England the Blackburn Rovers won the title and over here FC Volendam (!) played and lost [...]
Editors in the financial press need a lot of imagination to describe the distressed world around us. Cutting jobs, slashing dividends and reducing estimates are the most common lines on the front page and hardly leave any room for poetic creativity. Enter the zombie banks. The term financial “Zombies” has been coined by economist Edward [...]
After reading Paul Kedrosky’s post about Harvard’s portfolio changes I decided to walk through its holdings in the latest SEC 13F report. Top investments where clearly some Emerging Markets ETF’s, but assumed this was because of the concentration of Emerging Market investments in a few lines, while regular stock holdings were scattered in a lot [...]
Hedge fund manager Paulson did it again. As a present day Gordon Gekko pocketing 270 million pound on short selling Royal Bank of Scotland (RBS). While this is excellent news for mister Paulson and his family – consequences for the hedge fund industry will follow shortly. Politicians will point their fingers at this evil mastermind, [...]