Wednesday, 20 August 2014
Last updated 8 hours ago
May 2 2011 | 1:00pm ET
Traxis Partners' Barton Biggs admitted that he was "naïve" about Syrian ruler Bashar al-Assad and would steer clear of the country until he's gone.
"I'm afraid with after what's happened we're going to have to have regime change," Biggs told Bloomberg Television about the country after last week's uprising. "It's going to be hard to put Humpty Dumpty back together."
Biggs' comments are a major about-face from two years ago, when he personally met with al-Assad, who has led Syria since the death of his father in 2000. Biggs said he was "very impressed" with al-Assad at the time.
Biggs said he wasn't completely wrong about Syria and al-Assad in 2009.
"We talked specifically about a sovereign-debt issue, a private equity fund," he explained to Bloomberg. "Syria's financial position is very strong. They have very little sovereign debt outstanding, at least in 2010. They have a public-sector surplus. Everything could have happened. There was a very favorable response from investors."
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note