Thursday, 23 October 2014
Last updated 56 min ago
Apr 2 2007 | 11:32am ET
Echoing his conservative comrade, German Chancellor Angela Merkel, east of the Rhine, rightist French presidential candidate Nicolas Sarkozy lashed out at hedge funds during a televised debate last night.
Sarkozy said the “aggressive” funds “buy up a company, sell it off in pieces, sack 25% of the staff in the meantime, collect 25% profit and create zero wealth.”
“I don’t want a speculative capitalism,” he said. “I want a capitalism that creates riches.”
Riches, apparently, other than those found in Mayfair, Greenwich and Manhattan, anyway.
Sarkozy has in the past called for an European-wide tax on “speculative” hedge funds. He leads his socialist rival, Ségolène Royal, in most polls. The first round of the election will be held later this month.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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