Tuesday, 30 September 2014
Last updated 4 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."
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...