Immorality and Paul Singer’s Elliott Management – they’re called vulture funds for a reason (video)


There are hedge funds operating in every market where underhand amoral spivs can turn a profit.  One of the most profitable and (you guessed it) ethically questionable is the market for so-called “distressed assets”. A distressed asset is a security or other … Continue reading

The “rank hypocrisy” of political donations (video)


On Wednesday it was revealed that former Tory treasurer Michael Spencer‘s financial broking company, ICAP, had been fined £55m for fixing the LIBOR market. Spencer, who owns 17% of the company valued at £2.41bn has donated almost £5m to the Conservative … Continue reading