Epstein Secrets

unt of hedge funds and private equity funds. IEFs are mainly offered by local players, but also some large Investment Banks like UBS, Citigroup and Merril Lynch. Another global Investment Bank, HSBC even has a daughter HSBC Amanah Finance that specifically targets a Muslim clientele. II.4 B Market The mar

ds. There was for example no official Islamic index then to benchmark the returns of IEFs against. The Dow Jones and FTSE, who in 1999 launched the Dow Jones Islamic Market Index (DJIMI) and the FTSE Global Islamic Index Series (GIIS) respectively, first provided this benchmark. The DJIMI is a subset of 2

s Vice Chairman of American International Group, Inc. and from 2000 to 2004 as Chairman of Merrill Lynch International Inc., as well as Chairman of Merrill Lynch's Sovereign Advisory and Global Financial Institutions Groups. Between 1987 and 1991, Dr. Frenkel was the Economic Counselor and Director of Research

views on FX markets worldwide. Prior to joining J.P. Morgan, Ms. Patterson was a journalist covering politics, economics and financial markets for Dow Jones, the Associated Press and the St. Petersburg (Florida) Times, in London, Rome, New York and Washington, DC. She also worked at the Council of Europe

d and forcing the ABS Fund to wind down, but also inflicting massive, highly publicized losses at major financial institutions such as Citigroup and Merrill Lynch. The rare convergence of forces that rocked the financial markets in early to mid-2007, and produced Claimants' losses, has been likened in the medi

tgage Bust Goes Global, N.Y. TIMES, April 6, 2008, at B I; Landon Thomas, Jr., What's 834 Billion on Wall Street?, N.Y. TIMES, Jan. 27, 2008, at B1; Dow Jones, Factbat — Write-downs and Losses at Major Global Banks, Apr. 17, 2008; Nelson D. Schwartz, For Swiss Banks, An Uncomfortable Spotlight, N.Y. TIMES,

ily data from 3-Jan-95 through 31-Dec-03. SPX correlation = average pairwise realized correlation of all 500 stocks. 75% ; Asset bubbles (peak): 2 * Dow Jones (Sep-29) 1 = 65% + + Gold (Jan-80) S 55% 4 * Nikkei (Jan-90) Ls * Nasdaq 100 (Mar-00) Si 45% | * HSCEI (Oct-07) 2 * Crude oil (Jul-08) s 35% - * Biot

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