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| News & Scoreboards |
10 Questions for your Private Banker - 02/05
02/01/2005
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Bermuda plans to crack down on hedge funds in the wake of the U.S. Securities and Exchange Commission’s passage of a rule that requires them to register as investment advisors. Bermuda had been a favored offshore domicile for these funds. How will its new legislation affect my investments in funds or in funds of funds, if at all?
Greenspan finally acknowledged that Chinese and Japanese central banks will not bankroll the U.S. government deficit indefinitely. Both of these institutions, along with central banks elsewhere in Asia and the Middle East, are beginning to shift their reserves from dollars to euros. How will this affect interest rates and the dollar, and my portfolio?
Bush has promised to reform the alternative minimum tax (AMT), although many expect this to be difficult to achieve in light of his first-term tax cuts and his other domestic priorities. What would his proposals for AMT reform mean for my portfolio and income strategies?
A dangerous debt bubble threatens private equity investors due to the growing activity of hedge funds in the sector, according to bankers who provide debt for leveraged buyouts. Hedge funds are bidding up valuations and causing all participants in M&A auctions to increase their leverage. Is this a concern for the funds in which I invest?
Russia’s growing rift with the United States over the Ukraine and our policies in Iraq, combined with Vladimir Putin’s consolidation of power over the country’s oil interests, puts the outlook for the ruble in question. If the ruble drops in value, how will it affect my exposure to Russia? To energy investments in general?
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