Troisième sinistre dans les emprunts à risque ceci confirme notre interprétation , l’incitation à monter dans l’échelle du risque est un piège pour déprécier le capital et détruire ce qui est le plus fragile , cyniquement.
Lucidus Capital Partners, a high-yield credit fund founded in 2009 by former employees of Bruce Kovner’s Caxton Associates, has liquidated its entire portfolio and plans to return its $900 million in AUM.
Bloomberg] Emerging Stocks Slump to Six-Year Low Before Fed as Yuan Weakens
[WSJ] The Mystery of Missing Inflation Weighs on Fed Rate Move
[WSJ] Junk Bonds Stagger as Funds Flee
[Bloomberg] Offshore Yuan Falls for Sixth Day as New Index Signals Weakness
[Bloomberg] Asian Stocks Join Global Selloff as Commodity Producers Retreat
[Bloomberg] Shanghai Composite Index Drops as Offshore Yuan Weakens
[Bloomberg] Oil Holds Losses Near 7-Year Low as OPEC Seen Fueling Oversupply
[Bloomberg] Investors See More Carnage as Third Avenue Spurs Contagion Risk
[WSJ, Hilsenrath] Fed Officials Worry Interest Rates Will Go Up, Only to Come Back Down
[WSJ] Third Avenue CEO Barse Departs
[Bloomberg] Citic Short-Selling Offer to Hedge Funds Led Police to Its Door
[FT] China edges towards a new exchange rate policy
[Bloomberg] China’s Headhunters Are Desperately Seeking Credit Analysts
[Bloomberg, El-Erian] Nine Lessons From Third Avenue’s Liquidation
[Reuters] Merkel wants to ‘drastically reduce’ refugee arrivals in Germany
[FT] Russia and Turkey in new confrontation