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The US treasury market reaches breaking point

The US treasury market reaches breaking point

The structural issue that could cause the world's market of last resort to grind to a halt

Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

August 2008

EEMEA market round up: Halbis boosts EM team




Halbis, the active management arm of HSBC Global Asset Management, has recruited Ed Conroy to its global emerging markets team, where he will focus on researching Russian equities. Conroy joins from Aberdeen Asset Management, where he was previously an investment manager in the global emerging markets equity team. Based in London, Conroy reports to Douglas Helfer, senior portfolio manager and head of Russian equities at Halbis.

Halbis manages about $1.3 billion in Russian equities, including the HSBC GIF Russian Equity fund launched in December 2007, and the HSBC Russia Open fund, launched in March 2007.







The management of accounting rules today is a scandal. It is as if the ayatollahs are running the world and imposing their own theoretical values

One European bank CEO bemoans the reality of marking to market as living in the economy of the instant

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