The bad hedge funds, of course, were aware of the newsworthy items that madoff and longer than capital the 10 fraudulent hedge funds almost one hundred mroifldz the 10 largest Fraudulent Companies in the United States add up to one . 5 trillion so more than 15 percent times the size and the Hedge Fund Universe is 3 trillion and the u. S. Market is about 23 or 34 billion so the u. S. Equity market is 8 times the size of the hedge funds market but it has had 15 times in terms of largescale frauds so you know we point to bad apples can be found anywhere it is important to bury through the transparency in research and the partnership whats the incentives of the manager you know so anyways i wanted to to point out in scale it universe is not different than ours. One finally question again i want to make sure we answer any questions out in the audience people have asked they said your area you were in was reduced to explosive fees and under performs i think claire you made that comment so it
You take the sum of the managers returns and gifted and the managers meandered manager has outperformed by one and a half percent so its not uncommon for people to systematically out perform the h f r i wanted to mention the bad hedge funds, of course, were aware of the newsworthy items that madoff and longer than capital the 10 fraudulent hedge funds almost one hundred mroifldz the 10 largest Fraudulent Companies in the United States add up to one . 5 trillion so more than 15 percent times the size and the Hedge Fund Universe is 3 trillion and the u. S. Market is about 23 or 34 billion so the u. S. Equity market is 8 times the size of the hedge funds market but it has had 15 times in terms of largescale frauds so you know we point to bad apples can be found anywhere it is important to bury through the transparency in research and the partnership whats the incentives of the manager you know so anyways i wanted to to point out in scale it universe is not different than ours. One finally
Michael levi is the david m. Rubenstein senior fellow and director of the program on Energy Security and Climate Change at the council on Foreign Relations. He was previously nonresident science and Technology Fellow at the foreignpolicy studies at brookings and the director of the federatifederati on of american scientists are teaching security projects. He is the author of the power surge, Energy Opportunity in the battle for americas future. On Nuclear Terrorism and the future of arms control. He received a bachelor of science with honors from Queens University in kingston in mathematical physics and his ph. D. Is from the university of london. Treat please join me and walk coming our authors. [applause] our format this evening is going to be a little different than usual. Im going to start by asking a few questions and then we will turn it over to the audience. Michael, elizabeth its nice to have both of this evening. I would like to start by setting the stage for us. Why did you r
Ipo for jimmy chu trading marmally higher in london after pricing itself at the lower end of its range. Google misses the mark with earnings as advertising revenue slows. Shares are sent lower in frankfurt. Apples latest iphone goes on sale in china. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Its been a turn ewe leapt week in equity markets, but it looks like were going to end on a positive note. I dont want to tempt fate but nonetheless, for now, 1. 4 on the stoxx 600. Lets look at the individual markets. As you can see, its a bounceback across the board. With the more volume title markets doing better, up 3. 6 than the bigger cap markets like germany, up 1. 5 and the ftse 100 up 1 . And i describe it as a tempered bounceback, certainly not the extent to which weve seen declines of volatility in the week. Nonetheless, in the green on friday, hopefully ending the week on a positive note. Wednesday was the extraordinary day for the u.
Cord lane, idaho, has been called a little slice of heaven by Barbara Walters and is on the list of the 1,000 places to visit before you die by patricia shut. While visiting the city, booktv spoke to Robert Carriker about his book. The book tells the story of the jesuit missionary who worked with the native american tribes of the Pacific Northwest. Was a jesuit missionary who was the most prominent catholic missionary in the 19th 19th century. He came to the Pacific Northwest in 1840. He was invited by native people, but being invited by native people is not the same thing as getting an assignment from the jesuits. Theurgies suit superior in st. Louis would have the jesuit superior in st. Louis would have too weigh what this extension of jesuits from st. Louis was going to cost. He wad an administrator. So when father found these indians in fact they found him. What happened was he was a missioner in moon the indians at council bluff, iowa, and one day he saw a group of canoes beaching