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?

The truth about Asian investment banking

The truth about Asian investment banking

Reality bites

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Skip Navigation LinksHome :: Hedging: MSCI discovers no free lunches

May 2009

Hedging: MSCI discovers no free lunches


In April, MSCI Barra issued a research report: Currency hedging: a free lunch? This immediately reminded me of the mantra one of my old brokers repeated whenever I met him for lunch: "No biz, no fizz." In other words, as we all...


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