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Average returns were modest about 8% last year, less than the typical hedge fund (see chart).
A bail-out for Greece, once taboo, is now being debated and German ministers have even come out in favour of a putative European Monetary Fund (see article).
Even the reigning champion of budget cutters, the International Monetary Fund (see Figure 6 here) has demonstrated the destructive impact that fiscal tightening has had in Europe.
As Mr. O'Neill and the International Monetary Fund see it, Argentina is a victim of its own profligacy and must cut spending until no budget deficit remains.
And, in order to diversify the portfolio, there is a further "rainy day" cash sum invested in a fund (see GMG's statement here).
A 2011 study by the International Monetary Fund (see Pages 44-49) suggesthathighergher cash holdings by corporations are simply a sign that they plan new investments in the near future.
Similar(28)
Or more: 36 South, a hedge fund, saw its tail fund gain 234% in 2008.
The firm, the world's largest publicly traded hedge fund, seen its stock price crumble.
The hedge fund sees a slowdown there, as the Continent is beset with sovereign debt worries.
André Loesekrug-Pietri, chairman and managing partner of A Capital China Outbound Fund, a Brussels-based private equity fund, saw this come into play last month.
But Charles M. Ober, manager of the T. Rowe Price New Era fund, sees opportunity even when pulp prices are falling.
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