“BlackRock funds simply misplaced $17 billion as a consequence of Russian publicity. That’s simply the tip of the iceberg, as Western banks are owed $121 billion by Russian entities” : shares


Proper now, I’m protecting an eye fixed out for any information of highly-leveraged hedge funds failing as a consequence of leveraged Russian market publicity. In 1998, lots of funding banks had their fingers within the Lengthy-term capital administration pot. When it failed, it threatened our banking system till Greenspan knocked heads collectively to forestall large banks from failing after Russia defaulted. I feel that within the subsequent few months we’ll both study that Wall Road realized its lesson in 1998 (and 2008), or if the banks are nonetheless pursuing morally hazardous insurance policies.

To be clear, I have not learn something about main hedge fund issues, and $121 billion is eye-opening, however not Earth shattering, as long as banks can cowl their losses.



Source link

Related articles

Non-public Capital: Classes from the Conglomerate Period

World non-public capital companies are charting a well-traveled course. With their sprawling empires, the biggest different asset managers have adopted methods...

Sunnova, Cal-Maine Meals and extra

The Fluor Company emblem is displayed on a smartphone.Sopa Pictures | Lightrocket | Getty PicturesTry the businesses making headlines in noon buying and selling.Fluor Company — The engineering and building firm gained 2%...

Why is XRP worth up at the moment? By Cointelegraph

© Reuters. (XRP) worth is up at the moment following information that Federal District Choose Analisa Torres of the Southern District of New York dominated towards the USA Securities and Trade Fee’s...

Pixel 8 Professional runs Google’s generative AI fashions on-device

Google’s newly introduced Pixel 8 Professional would be the first {hardware} to run Google’s generative AI fashions on-device, in line with Rick Osterloh, SVP of gadgets and companies at Google. Onstage at an occasion...

’Tis The Season For Forrester’s Finish-Of-12 months Retail Holidays Weblog Sequence

It might be the primary week of October and nonetheless 4 weeks away from Halloween, however for those who’re...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here