Waters

Prop Shafted

Proprietary trading is the latest controversy to afflict the beleaguered investment banking industry, accused of everything from playing a pivotal role in the global financial crisis to allowing brokers to fleece their buy-side clients through the…

Beyond Brazil

Brazil, with its limited exposure to the recent credit crisis, has benefited more than any other emerging market from increased investor appetite for emerging-market exposure. But as John Beck reports, opportunities have revealed themselves in other…

The Blind Leading the Blind

The unprecedented downturn in the markets during 2007 and 2008 left many institutions in the uncomfortable position of holding complex assets with no way of valuing them reliably and accurately. But even though the acuteness of that phase of the…

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