| 24.10.2008 Opalesque Exclusive: Roubini: we are paying the consequences, Sound advice on fair value, GLG: Some strategies will have to die – Hedge 2008 conference (day 2) |
| Opalesque’s London news editor Benedicte Gravrand reports ‘live’ from the HEDGE 2008 conference (details here) in London. Bear Roubini Economist and founder of rgemonitor.com Nouriel Roubini showed no mercy on his audience: “The tsunami of defaults is only just starting,” he said. Hundreds of hedge funds will go bust. We are reaching a point when systemic danger becomes larger rather than s |
| Article source: http://www.reuters.com/article/GCA-CreditCrisis/idUSTRE49M6XB20081023 - Opalesque is not responsible for the content of external internet sites |