Posts tagged ‘EU’

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Hedge Funds in the Doldrums

The deflating effects of underperformance and overregulation

Warren Buffet’s wager with Protégé Partners epitomizes the gloom hovering over the hedge fund industry.  In 2008, the Oracle of Omaha bet the New York-based fund-of-funds $1 million that index funds would outperform hedge funds over the next 10 years. 

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Rebalancing Bonuses, for Goodness Sake

Now where are the ‘animal spirits’ going to go?

Deutsche Bank just took its most daring step yet to reprogram its workforce.  It adopted a policy denying the bank’s top-performing traders plum promotions and fat bonuses if they’re deemed to be “disruptive” or non-team players.  

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Struggle for the Soul of Wall Street

Not just “can we do this”, but “should we?”

Sir Hector Sants’ sudden leave of absence from Barclays Bank last month epitomizes the intense ethical struggle now engulfing the financial industry.

Sants, 57, was brought in earlier this year by CEO Antony Jenkins to help reform a bank that has featured in virtually every financial scandal of the past several years. 

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A Score to Settle with the EU

How do we handle the AIFMD?

Two years ago, we lobbied vigorously and in vain against the proposed Alternative Investment Fund Managers Directive (AIFMD) of the European Union (EU), which was deliberately designed to punish U.S.