Wed, Jan 18, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund friendly Luxembourg to get new prime minister following spy scandal

Thursday, July 11, 2013

Bailey McCann, Opalesque New York:

Alternatives friendly Luxembourg will be getting a new prime minister. Jean-Claude Juncker, the European Union’s longest-serving head of government said in a statement early today that he will resign after being implicated in a spy scandal rocking the country. A report issued on July 5th indicated that the leader was implicated in a report dealing with irregularities in the State Intelligence Service.

Juncker previously served in a group of European finance ministers, and Luxembourg has a history of being friendly to investment firms looking to set up shop. Juncker's coalition partners, the Socialists first called for dissolution of the government and new elections, shortly after that Juncker himself indicated he would resign. Elections are expected to come quickly.

According to a BBC piece, the report suggested that illegal bugging operations, along with improper payments in exchange for access to elected officials. Juncker has denied any wrong doing, but the article notes that things may have gotten out of hand because he was too focused on his eurozone duties.

The local parliament was headed to summer vacation, which may still go forward depending on when elections are to be held. Deutsche Welle called Juncker 'the model European' and ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  2. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  3. Short Selling - Long-short hedge funds are ditching the shorts to focus on longs[more]

    From Bloomberg.com: What happens when you take the "short" out of a long-short trading strategy? Some hedge funds are about to find out. Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG s

  4. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  5. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee