Management

Mike Story, economist at Western Asset Management, analyses the outcome of the four potential scenarios to the Eurozone crisis: no Eurozone restructuring, orderly Eurozone restructuring, disorderly Eurozone restructuring or Eurozone implosion.

A combination of collateral management and securities lending can play a key role in the search of a yield pick-up of some kind. Reinvesting unused cash or lending out unused securities can help add a few basis points to the total return.

Last Thursday the financial world was surprised by the announcement of a potential fraud by a trader of UBS. Bombshell? Not really, because trading fraud is not anymore surprising given its long list of occurences. Let’s review the list.

Turmoil around sovereigns’ solvency and the strong market drop currently observed raise many questions and misunderstandings. Taking a short break to look back at some analysis and themes developed throughout the year seems then appropriate...

The idea that considers equity investing as long term has simply become absurd nowadays and has been so during the last 10 years. Let us be reassured. Opportunities will still be around. The only real question nowadays is how to allocate between real assets and financial assets