Wednesday, 27 August 2014
Last updated 11 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 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 ...