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Blame it on the bonus culture?

Blame it on the bonus culture?

Before the financial crisis, few were concerned about how big traders’ bonuses were. They were part of the « Bonus culture ». In the aftermath of the recent crisis, the situation has changed. Suspicions have fallen on the bonus culture that reigns over...

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Controversial Hedge Funds

Controversial Hedge Funds

What is a hedge fund? Defining a « hedge fund » is quite difficult because of the diversity of the funds lying behind this concept. Above all, there is no legal definition to help. According to Vernimmen : « A hedge fund is a speculative fund seeking...

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Understanding Credit Ratings

Understanding Credit Ratings

A credit rating is an opinion on a borrower’s creditworthiness, i.e. on its ability and willingness to repay its debt. Credit ratings can be assigned to corporations, non-profit organizations, public institutions or countries and apply to the borrower...

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