Tue, Apr 25, 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. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic

  5. Opalesque Exclusive: Gold Sail diversifies into PE and real estate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The five Purdue University students who set up a hedge fund last year have become four and have diversified int