Nice Team Work

Last week regulators from the US, Britain, and Switzerland announced fines of $4.25 billion against several major financial institutions for conspiring to manipulate the foreign exchange markets. Simultaneous with the settlement announcements, the CFTC published select transcripts detailing chat room evidence of the manipulations.
The transcripts are rough reading, especially if you aren’t


Read More...

Private Equity Case Study: Emerging Markets

Private Equity Case Study: Emerging Markets
Our Client:
A large private equity firm contemplating an emerging markets acquisition.
Situation:
A private equity fund was in a competitive bid situation to acquire a retail store chain in Eastern Europe. While the deal appeared attractive in local currency, it was uncertain when translated in USD. In addition,


Read More...

Did I Just Miss the Boat?

Ok, so maybe we haven’t seen a run up in rates like this in, oh, almost three years, but that doesn’t mean it’s time to panic.


Read More...

Bitcoin: Do Hedgers Dream of Crypto-Currencies?

Whether Bitcoin truly becomes a viable currency or whether it retains a quasi-commodity status like gold is anyone’s best guess. But whatever it turns out to be, the financial risks Bitcoin presents are very similar to any currency or commodity you interact with on a daily basis.


Read More...