NYT > DealBook
Hedge funds are scrutinizing their levels of exposure to bank defaults, in a telling reversal of conventional risk management concerns, according to a report in The Financial Times. While bank exposure to the hedge funds they trade with has been in sharp focus since the 1998 collapse of Long Term Capital Management, a run of record-breaking [...]
L.A. Times - Business
The ancient trade route is still bustling as human and financial capital move between East and West. Baron Ferdinand von Richthofen, the German historian and geographer, coined the expression "Silk Road" 130 years ago to designate the well-worn path between China and the West via Damascus.