Roger G. Ibbotson, Peng Chen, & Kevin X. Zhu
Available at http://ssrn.com/abstract=158155
Institutional investors face an almost unprecedented set of challenges. The post-crisis period has been one of slow economic growth, low or even negative real interest rates, volatile markets and increasing geo-political pressures.
In the long run, private fund advisers may decide to forego the services of third party service providers and device strategies that allow them to fulfill their reporting obligations under the Dodd-Frank Act more effectively, thus lowering compliance costs further.
The American private fund industry is a significant representative of Wall Street’s interests and regulating hedge funds was a politically sensitive undertaking since the inception of the industry
The frustrating part is that sellers do not want to hear what we have to tell them, in other words, that their property is not worth what they think it is and that they have to list lower if they expect to get their property sold. This was an inevitable reaction to the worldwide economic crisis, which is heavily affecting the US. Real estate values had been inflated in the US for some time and it was only a question of when (not if) their market would turn. That, combined with the decline in the stock market and very tight credit, has made it difficult for many Americans to make discretionary purchases. As much of our buying pool is from within the US, the slowing of our real estate market should surprise no one.
Electronic payments in general and payment cards in particular are rapidly replacing cash and checks as the preferred means of making consumer as well as many business purchases. By enabling faster, more secure, traceable transactions, payment cards have been a key element in promoting greater integration of the world economy.
Niall Coffey, Warren B. Hrung, Hoai-Luu Q. Nguyen & Asani Sarkar, The global financial crisis and offshore dollar markets, Current Issues in Economics and Finance, vol. 15, no. 6 (October 2009) available at http://www.newyorkfed.org/research/current_issues/ci15-6.pdf
On any given evening, one just needs to take a stroll along the Dubai Creek to see the dhows that carry goods to and from as far away destinations as India and East Africa just as they did 100 years ago.
Oliver Hazard Perry’s famous War of 1812 report of the Battle of Lake Erie to General William Henry Harrison in which he wrote: “We have met the enemy and they are ours: two ships, two brigs, one schooner and one sloop.”
CFR's quarterly round up of academic texts making headlines...
Cayman’s economy expanded 1.5 percent in first quarter. The Cayman Islands gross domestic product expanded in the first quarter, boosted by significant growth of more than 4 percent in tourism-related sectors, including hotels and restaurants, transport and retail.