But it’s all about Julius Caesar on his roundabout, isn’t it?
Published:
January 7, 2012 at 8:12pm
On Bloomberg, 5 January:
As of early November, the number of funds located in Malta had grown to more than 500 with 8 billion euros ($10.7 billion) under management from 165 funds with less than 5 billion euros under management in 2006, according to the Malta Financial Services Authority, or MFSA.
While that’s not much compared with Luxembourg, which has more than 143 billion euros under management across more than 700 hedge funds and funds of hedge funds, the number of funds in Malta and the amount of their assets are expanding.
Since the end of 2010, the number of funds increased almost 30 percent and their total assets were up nearly 15 percent as of early December.
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Full report here:
http://www.bloomberg.com/news/2012-01-05/malta-lures-connecticut-hedge-funds-with-300-days-of-sun-aided-by-eu-rules.html
Oh Daphne. You’ve done it again. So great. Such a sleuth.
Can’t wait to see who scurries for cover.
Heard rumblings about this from some buddies in NYC, but missed the Bloomburg story. Great stuff.
Thought I should amplify my comment. Hedge funds lost their ass in 2011. The US Congress is investigating them as the instigaters of the 2007/2008 recession. Let the rock be wary. The worst is yet to come.
Happy you raised the conversation above the local ‘uproar’. Hope the ‘little old ladies’ kept their Lira in their matresses.
This is what we should work on and read, and not the stupid village talk of Franco and his mother with her pathetic omelija talk
Video report here:
http://www.bloomberg.com/video/83826848/
Is this all you can come up with ?
Flash news: Gonzi gave us 300 days of sun!
http://www.bloomberg.com/video/83826848/
I wonder if joining the Euro helped.
@ Anton
Whatever your feelings for Dr Franco Debono are, you should not comment on his mother. It’s not acceptable and only shows what an ignorant person you are.
Well said, George.
Franco Debono is live on Bla Agenda on One right now
Daphne, would you also like us to scan our dictation copybooks with all the pretty stars and email them to you?
I’m sure that tomorrow we will see this report on Malta Today’s front page.
@Harry Purdie
Hedge funds did not “lose their ass in 2011” and Congress has been for a long time looking into their activities but they are very diverse and decisions are not easy to reach. A great book which is abfantastic read and provides a good insight in their development over the years is “More Money than God”
It’s true that this is a very good thing and the country should continue in this path.
However we shouldn’t forget other sectors of the economy.
At the moment the financial sector is performing really well, as the article points out, and is providing the country with a lot of growth but other sectors are performing really badly. The retail and construction sectors, just to name two sectors, are firmly in recession.
I don’t think it’s healthy to have such imbalances in an economy.
This was the third most read article on Bloomberg that day.
People in the world of finance have only just come around to the idea that Malta is a decent place to do business, and still there remains some scepticism.
The last thing the country needs, especially now with all that’s going on in Europe, is political instability.
There’s no doubt in my mind that a change of government at this point in time will be hugely detrimental to the Maltese economy. Franco Debono needs to take a hike, and preferably a long one.
This is good news for those who can recognise its significance.
Unfortunately, the majority will not understand it and much less be influenced how they would vote in the up and coming election.