Cyprus tests the limits of currency union

The agonizing process of agreeing a bailout in Cyprus has set troubling precedents for creditors, laid bare fractures within the European currency union and reminded investors of the ad hoc, inconsistent and arbitrary nature of its institutions’ response to sovereign crises.

Cannabis decriminalization sparks up new investing craze

Amid political pressure to reduce cannabis-related crime, the legalization of the drug for medical usage could create a $40 billion industry in the US alone, opening up new investment opportunities – with Portugal, Spain, Israel, Czech Republic and Canada also on the radar for venture capitalists.

Are European CLOs back from the dead?

Astonishing investor inflows into the loan market on both sides of the Atlantic since the beginning of the year have raised the tantalizing prospect of the CLO market returning to Europe.