China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

EuromoneyFXNews.com

EuromoneyFXNews.com

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November 2006

Money talks, hedge fund employees walk?


With falling returns for hedge funds, it looks as if a trend might be developing for their employees to return to less risky, better remunerated roles in investment banks.


So Stuart Handel, chief operating officer of hedge fund Eton Park Capital Management, is leaving the firm to return next year to Morgan Stanley, where he will head the firm’s global prime brokerage operations. The obvious question: “What is wrong at Eton Park?” Handel is, after all, the fourth person to depart from the firm this year. But performance has been decent and there are no whispers that the firm has been...


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