Banks Under Fire
Last week the financial markets managed to reach a level of blind panic probably not seen since the great crash of 1929. Starting with the bail out of at Bear Stearns by J P Morgan the week ended with a concerted short selling guerilla attack on one of the UK’s leading retail bank, HBOS [...]
Cheltenham Gold Cup
Many apologies for not posting for a few days which has been due to press interviews and a slot on a radio programme in the US talking about love, money and relationships! - fame at least!! However, life is now back to normal, even if the markets try to find some kind of equilibrium.
In the [...]
Peleton Crash Into a Hedge
I have to confess that this week I have allowed myself a frisson of Schadenfreude when I read about the problems besetting the hedge fund, Peleton Partners. For those you who unware of the term it is translated in the Harper Collins German-English dictionary as “malicious glee or gloating”.
Peleton Partners a $3bn (£1.5bn) hedge [...]