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Are hedge funds and private equity funds fleecing their investors?

By Ian Fraser Published: QFINANCE Date: February 1st, 2012 The Berkshire Hathaway chairman Warren Buffett (pictured above playing the ukelele) once famously quipped that a hedge fund is a “compensation scheme masquerading as an asset class”. The remark, a reference to the fact that many hedge funds provide investors with feeble returns whilst massively enriching intermediaries (the hedge fund […]

February 2nd, 2012 | Posted in Article Library,Blog | Read More »

Massed burial of heads in the Davos snow

January 26th, 2012 Apparently the topic on everyone’s lips at the World Economic Forum in the Swiss alpine resort of Davos this year is income inequality and how to reduce it. Does the global corporate elite not realise there is a fairly obvious solution, and it’s staring them in the face? As a starting point […]

January 26th, 2012 | Posted in Blog | Read More »

The Economist loses the plot with this pro-City propaganda

January 7th, 2012 I was surprised and disappointed when I opened my copy of The Economist on Friday morning. The magazine is running a feebly-argued propaganda piece headlined “Save the City” as its cover story. The piece vaunts the “skills” that are to be found in the City of London and seeks to persuade us […]

January 7th, 2012 | Posted in Blog | Read More »

Lloyds chairman Sir Win Bischoff has made a string of catastrophic blunders

December 1st, 2011 The boardroom failures, and particularly the failure of the non-executive directors, at Lloyds Banking Group have been brilliantly highlighted in a leader in today’s Financial Times (Black Horse Blues). The article highlights a string of corporate governance errors made by the Lloyds board, which since September 2009 has been chaired by Sir Win […]

December 1st, 2011 | Posted in Blog | Read More »

The dukes and earls in America’s great tower of bullshit start to blink

By Ian Fraser Published: QFINANCE Date: October 20th, 2011 There may be a good few Maoists, Trotskyists, Anarcho-Syndicalists and even the odd deluded benefit scrounger among them, but it is simply wrong to characterize the Occupy Wall Street protestors who are camping out in 1,500 cities worldwide as wanting to overthrow capitalism, in the same way […]

October 20th, 2011 | Posted in Article Library,Blog,Latest Articles | Read More »

Banks now in permanent role of looters

September 15th, 2010 Regular readers of this blog may have noticed that I’m somewhat sceptical about the integrity of most bankers and suspicious of the motives of the governments, regulators and, yes, also the professionals (accountants, lawyers and the like) who insist on:- Turning a blind eye to bankers’ manifest wrongdoing, including their persistent looting […]

September 15th, 2010 | Posted in Blog | Read More »

God’s banker on greed, globalisation and Goodwin

June 28th, 2009 Stephen Green, chairman of HSBC, recently had lunch with Lionel Barber, editor of the Financial Times, in the Pont de la Tour restaurant overlooking the Thames — and Barber has written an account of the repast in the Weekend FT. Green, who was ordained as an Anglican priest in 1988, comes over […]

June 28th, 2009 | Posted in Blog | Read More »

“Bling” Crosby’s day of reckoning

By Ian Fraser Published: Sunday Herald Date: February 15th, 2009 This charade of apology is a diversion from bankers’ role in financial destruction EDITH Piaf’s “Non, Je Ne Regrette Rien” seems to be the theme tune for Britain’s banking fraternity right now. The unfab four – Lord Stevenson, Andy Hornby, Sir Tom McKillop and Sir […]

February 15th, 2009 | Posted in Article Library | Read More »

The end of laissez-faire

By: Ian Fraser Published: Sunday Herald Date: January 4th, 2009 REGULATION: The cataclysmic events in the financial world have turned the tide against faith in the self-correcting power of the markets. A special report by Ian Fraser. ROLLING BACK the frontiers of state through privatisation and deregulation, a process kicked off by the governments of […]

January 4th, 2009 | Posted in Article Library | Read More »

This blog is One and other stuff

July 7th, 2008 Dear Reader, This blog is now one year old. It’s been enormous fun writing the 58 entries to date — just over one a week — over the past 12 months and thank you for all the feedback received so far. Since I started this exercise on June 28th 2007, the business […]

July 7th, 2008 | Posted in Blog | Read More »