In a simple world, we eat what we kill today, we consumer what we produce today. With trade in its simplest form, barter, we are able to specialize and be more efficient, focusing our talents and gifts on what we have an advantage in. The invention of money, whether gold or fiat currency, allowed

20% of Nestles business is Europe, 30% in the US, the rest are in emerging markets. 34% of Givaudan’s business in in Europe, 26% is in the US, the rest are in emerging markets. 46% of Swatch’s business in Asia. 30% of LVMH’s business is in emerging markets and Japan. 20% of Carrefour’s business is

The role of ratings agencies has been placed under intense scrutiny in the wake of the 2008 credit crisis. Clearly the ratings agencies have failed in one glaring respect. The creditworthiness of a borrower is tied not only to its solvency but to its ability to generate cash flow to repay, as well as its

  Year to date the top performing strategies have been Event Driven, Distress and Fixed Income Arb. The weakest strategies were Global Macro, CTAs, and Market Neutral. Over a 12 month period Convertible Arbitrage continues its strong run, followed by Distress and Emerging Markets. The weakest strategies year to date were also the weakest over

  What are UCITS? UCITS are funds that comply with the European Directive for retail open-ended investment funds, are incorporated and authorised by the regulator in an EEA member state and can be distributed throughout the European Economic Area. UCITS is a framework to standardise rules for the authorisation, supervision, structure and activities of collective