Eurobonds Needed if Greece Leaves Euro, Platt Says
Michael Platt, founder of BlueCrest Capital, talks about the European debt crisis, investment strategy, and JPMorgan's $2 billion trading loss. BlueCrest is one of the largest hedge funds in the world with $32B AUM.
“They [JP Morgan] are not out of those positions. If we end up with a catastrophe in Europe in the short run, they’re probably not positions that anyone would want to have.”
“I don’t think they could be described in any way as a hedge. I think it’s a trading loss. They deliberately put the positions on. The London whale, who has subsequently been harpooned, put the positions on.”
Michael Platt, founder of BlueCrest Capital, talks about the European debt crisis, investment strategy, and JPMorgan's $2 billion trading loss. BlueCrest is one of the largest hedge funds in the world with $32B AUM.
“They [JP Morgan] are not out of those positions. If we end up with a catastrophe in Europe in the short run, they’re probably not positions that anyone would want to have.”
“I don’t think they could be described in any way as a hedge. I think it’s a trading loss. They deliberately put the positions on. The London whale, who has subsequently been harpooned, put the positions on.”
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