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he qualified as a Chartered Accountant at PwC Co-founder and Director of Olivant and Non-Executive Director of AXA Investment Management. Formerly McKinsey senior partner leading its Financial Services Practices in EME, and for 12+ years a Board member of the McKinsey Investment office which managed USD
der Byhiras Amaranth Sept 2006 $6bn+ Stanford Capital 2009 $8bn+ Standard Life Sterling One £100mm ++ Refco 2006 Peloton Feb 2008 $2bn Lehman Sept 2008 $130 Billions Medoff Dec 2008 $50bn Style Drift: Concentrated illiquid positions with high leverage contravened"diversified" status.
he qualified as a Chartered Accountant at PwC Co-founder and Director of Olivant and Non-Executive Director of AXA Investment Management. Formerly McKinsey senior partner leading its Financial Services Practices in EME, and for 12+ years a Board member of the McKinsey Investment office which managed USD
der Byhiras Amaranth Sept 2006 $6bn+ Stanford Capital 2009 $8bn+ Standard Life Sterling One £100mm ++ Refco 2006 Peloton Feb 2008 $2bn Lehman Sept 2008 $130 Billions Medoff Dec 2008 $50bn Style Drift: Concentrated illiquid positions with high leverage contravened"diversified" status.
ill be all the more important for such countries to pursue structural reforms that will increase productivity. But outgrowing debt is not easy: the McKinsey study found that, out of 32 cases of deleveraging following a financial crisis that it examined, only one was driven by growth. America, which has a
market collapsed in 2008; the assets they ended up owning were illiquid, difficult to value and even harder to sell. Banks such as Bear Stearns and Lehman made the fatal mistake of assuming that the markets (often their fellow banks) would always be willing to roll over their debts, but they suffered
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