<![CDATA[Hedgehogs.net: '' related content (page 27)]]> http://www.hedgehogs.net/tag/the+telegraph?offset=260 http://www.hedgehogs.net/pg/blog/tftsdude/read/10851461/guest-post-misunderstanding-gold-demand Sun, 03 Feb 2013 01:07:59 +0000 http://www.hedgehogs.net/pg/blog/tftsdude/read/10851461/guest-post-misunderstanding-gold-demand <![CDATA[Guest Post: Misunderstanding Gold Demand]]>

Authored by Robert Blumen, originally posted at The Cobden Center,


http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10848319/hedge-fund-founder-warren-buffett-on-women-in-investing Sat, 02 Feb 2013 02:19:18 +0000 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10848319/hedge-fund-founder-warren-buffett-on-women-in-investing <![CDATA[Hedge Fund Founder Warren Buffett On Women In Investing]]> 10848319 http://www.hedgehogs.net/pg/blog/CentralBankNews/read/10844664/central-bank-news-link-list-jan-28-2013-carney-says-flexible-central-banks-not-maxed-out-on-policy Mon, 28 Jan 2013 05:40:21 +0000 http://www.hedgehogs.net/pg/blog/CentralBankNews/read/10844664/central-bank-news-link-list-jan-28-2013-carney-says-flexible-central-banks-not-maxed-out-on-policy <![CDATA[Central Bank News Link List - Jan. 28, 2013: Carney says flexible central banks not 'maxed out' on policy]]> Here's today's Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don't miss any important news.

http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10838776/sarkozy-under-investigation-in-france-for-fraud-plans-to-dodge-new-75-french-tax-rate-by-moving-to-london-and-setting-up-1bn-private-equity-fund Fri, 25 Jan 2013 18:49:21 +0000 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10838776/sarkozy-under-investigation-in-france-for-fraud-plans-to-dodge-new-75-french-tax-rate-by-moving-to-london-and-setting-up-1bn-private-equity-fund <![CDATA[Sarkozy, Under Investigation in France for Fraud, Plans to "Dodge New 75% French Tax Rate by Moving to London and Setting Up £1bn Private Equity Fund"]]>
Had former French president Nicolas Sarkozy won reelection, he certainly would not be under investigation for illegally funding his campaign, nor there would be an investigation regarding his involvement in fraudulent arms sales to Pakistan.

Perhaps Sarkozy wants to escape such charges, or perhaps he wants to move for tax reasons, but regardless of why, the latest political scandal is Sarkozy's plans 'to dodge new 75% French tax rate by moving to London with wife Carla and setting up £1bn private equity fund'
Nicolas Sarkozy is preparing to move to London to set up a billion pounds plus investment fund, it was claimed today.

If the move goes ahead, the controversial Frenchman will become the latest to escape a potential top tax rate of 75 per cent in his home country.

He and his former supermodel third wife Carla Bruni-Sarkozy would be likely to settle in an affluent district like South Kensington – so becoming the most high profile Gallic celebrity couple in the city.

But the former president is under investigation for corruption in France, and if he does cross the Channel there will be outrage.

Details of the planned move were uncovered during a raid by fraud police on Sarkozy’s Paris mansion last June.

It came within weeks of Mr Sarkozy losing his immunity against prosecution after being defeated by Socialist rival Francois Hollande in the May presidential election.

Now the hugely respected investigative news site Mediapart reports that the ‘first draft’ of Mr Sarkozy’s London project was found by detectives examining his computer files.

Mr Sarkozy is said to have taken the money from Liliane Bettencourt, the I’ Oreal heiress – a claim the politician denies, but for which he could still receive a prison sentence.

He is also being investigated over numerous other funding scandals, including one linked to arms sales to Pakistan, and another in which he is said to have used millions in taxpayers’ money to pay friends to produce opinion polls while he was in office.

Mediapart suggests that the planned London move would create a ‘conflict of interest’ – not only because Sarkozy is being investigated, but because a former French president should not choose the UK as a base to make his fortune.
France Abuzz Over Sarkozy Plans

The Telegraph reports France abuzz over Nicolas Sarkozy 'London private equity fund' claim
On Tuesday night, France was rife with speculation – hotly denied [Not Really - at least by Sarkozy - Mish] that Nicolas Sarkozy plans to set up a £800 million private equity fund across the Channel in London.

The former French president, who left office in June, has been using his new job as a highly paid international conference speaker to try and stump up capital for the new venture, according to Mediapart, the respected investigative website.

Mediapart said the former leader's plan to launch a private equity fund in London is currently in the "exploratory" stage and that no company has yet been officially created.

Sources close to Mr Sarkozy dismissed the alleged plan as an "intellectual construction", with one telling The Daily Telegraph the former leader "does not confirm anything in the article". [No Confirmation, but No Denial either - Mish]

However, the website cited "very precise financial and industry sources" as saying plans are definitely afoot.

With the help of Alain Minc, a businessman and confidant, Mr Sarkozy has since October been seeking to recruit investors during a string of conferences, the first two for Brazilian group PTB Pactual, which has a large private equity arm.

Yesterday, Mr Minc denied playing any role in creating such a fund.

"It is absurd to think he would move to London and stop paying taxes in France." "Nicolas Sarkozy doesn't need me to meet the world's biggest funds," he told Le Figaro. "He has a thousand contacts and hasn't made up his mind about what he wants to do."

[The statement by Minc is not exactly a denial either - Mish].

Laurent Mauduit the Mediapart journalist who wrote the article, said: "I note Minc denies things I never wrote." "I never said he would physically move to London but planned to set up his company there," he told The Daily Telegraph.
Sarkozy Neither Confirms, Nor Denies Story

Notice that Sarkozy did not confirm anything in the Mediapart article, but did not deny anything either.

Minc's statement "He has a thousand contacts and hasn't made up his mind about what he wants to do" is certainly plausible. So is his statement "Nicolas Sarkozy doesn't need me to meet the world's biggest funds." Neither is a denial of anything.

Evidence suggests Sarkozy is indeed planning a move to the UK, probably for multiple reasons.

Mike "Mish" Shedlock
http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10838666/wednesday-links-from-lows-to-highs Fri, 25 Jan 2013 18:39:08 +0000 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10838666/wednesday-links-from-lows-to-highs <![CDATA[Wednesday links: from lows to highs]]>

Quote of the day


http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10834091/hedge-funds-gain-from-qe-at-expense-of-savers-pensioners-alerts-michael-farmer-hedge-fund Fri, 25 Jan 2013 11:55:16 +0000 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10834091/hedge-funds-gain-from-qe-at-expense-of-savers-pensioners-alerts-michael-farmer-hedge-fund <![CDATA[Hedge funds gain from QE at expense of savers, pensioners Alerts - "Michael Farmer" hedge fund]]> Red Kite, the fund run by Tory party co-treasurer Michael Farmer, rose 15 per cent. One hedge fund expert quoted by the Telegraph said: "While economic ...

http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10829566/guest-post-is-the-gold-price-dependent-on-china Sat, 19 Jan 2013 21:07:08 +0000 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10829566/guest-post-is-the-gold-price-dependent-on-china <![CDATA[Guest Post: Is The Gold Price Dependent On China?]]> Submitted by John Aziz of Azizonomics blog,


http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10819478/next-plc-ups-profit-guidance-after-successful-holidays-alerts-next-plc Sat, 12 Jan 2013 07:58:25 +0000 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10819478/next-plc-ups-profit-guidance-after-successful-holidays-alerts-next-plc <![CDATA[Next plc ups profit guidance after successful holidays Alerts - "Next PLC"]]> Next plc (LON:NXT) issued a trading statement in which the company announced total sales, excluding VAT, increased 3.9 per cent between 1 November and 24 December, The Telegraph reports. The retailer's previous estimates showed profits of ...
See all stories on this topic »

http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10817714/is-eddie-lampert-ready-to-run-sears-quants-lose-in-2012-gupta-not-paid-for-tips-sac-raising-manager-bonuses-and-more Fri, 11 Jan 2013 23:33:26 +0000 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10817714/is-eddie-lampert-ready-to-run-sears-quants-lose-in-2012-gupta-not-paid-for-tips-sac-raising-manager-bonuses-and-more <![CDATA[Is Eddie Lampert ready to run Sears, quants lose in 2012, Gupta not paid for tips, SAC raising manager bonuses and more]]>

What’s news around the hedge fund industry for Tuesday, Jan. 8, 2013:


http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10814487/weighing-the-week-ahead-clarity-coming-on-key-market-challenges Fri, 11 Jan 2013 10:31:43 +0000 http://www.hedgehogs.net/pg/newsfeeds/hhwebadmin/item/10814487/weighing-the-week-ahead-clarity-coming-on-key-market-challenges <![CDATA[Weighing the Week Ahead: Clarity Coming on Key Market Challenges?]]>
After several weeks of noise -- from both data and politicians -- it may finally be time for some clarity.  I have predicted this with my theme for the last few weeks, and we are starting to see the results:
  • The Fed -- aggressive policy, clearly stated, but still not well understood (more below).
  • US economic data -- the Sandy weakness is proving temporary.
  • China -- signs of an end to the slow slide, and not a hard landing.
  • Housing -- several signs of a bottom and some for a real bounce.
  • Europe -- none of the really bad things happening, but further delays in a final solution.
  • The fiscal cliff -- the biggest unresolved issue.

The problem with this list is that the fiscal cliff issues are so important that we really need some answers -- and soon!  As I wrote in my first installment of "Cliff Notes," there has been little real information so far.  I refuse to join in the daily discussion of non-events, but it will now start to get interesting.  I will write more installments of Cliff Notes as circumstances warrant.


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