Stop the whining
Over the last few weeks there has been considerable discussion in the news about a number of large institutional investors redeeming their allocations in hedge funds.Their decision most likely wasn’t easy. Admitting you are wrong with your own money is one thing; admitting you were wrong with someone else’s pension fund/livelihood is sure to keep […]
Do not blame Snoopy, blame Bill Clinton
Paul Krugman’s recent rant in the New York Times about the impact of Judge Rosemary Collyer’s ruling on whether Met Life is to big to fail is not only misguided but, well, just plain wrong. While he is correct in that other firms will now challenge their own status, he is wrong to blame Met […]