Thursday, 25 December 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.