Wednesday, 27 August 2014
Last updated 4 hours 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...