Sunday, 23 November 2014
Last updated 1 day ago
Mar 8 2010 | 4:09am ET
Facing a possible default and strikes over austerity measures, the Greeks would be forgiven for taking bond buyers wherever they could be found. But it seems anger can overpower even necessity.
Greece sought to exclude hedge funds from participating in Friday’s €5 billion bond issue, directing the bankers leading the offering not to allocate any bonds to hedge funds or any potential proxies. The country—and its allies in Europe—blame hedge funds for the troubles faced by Greece. Hedge funds have prospered in recent months shorting its sovereign debt.
Athens frequently requests that long-term investors be favored in its debt sales. But according to the Financial Times, the government’s instructions went a good deal further than usual last week.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...