31-03-2009, 09:10 AM
Jan Klimkowski Wrote:Quote:Hedge funds vow to fight as G20 gathers
A group of powerful hedge fund managers has warned that they are ready to quit London and move off-shore if regulations or taxes become too onerous.
By Rupert Neate
Last Updated: 2:33AM BST 29 Mar 2009
The warning, made as the G20 leaders meet in London with hedge fund reform on their agenda, was part of a strong defence of the hedge fund industry given to The Sunday Telegraph by the managers last week.
In a rare show of unity, the group, which included Stuart Roden of Lansdowne Partners, Michael Hintze of CQS and Stanley Fink of ISAM, vowed to fight against the threat of too much intervention. Crispin Odey of Odey Asset Management said: "We don't have to be in London."
http://www.telegraph.co.uk/finance/finan...thers.html
What part of "PLEASE FUCK OFF NOW!" do these guys not get?
I note that it was the Daily Bellylaugh they took their story to. Moving to another jurisdiction is an old City ploy to scare the government into bending their knee. Fear that the City will move out lock, stock and barrel leaves successive governments whimpering in dread fear. So powerful the "services" industry has become ever since it convinced government to effectively trash UK manufacturing that it is like a puppeteer pulling the strings.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14