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Hedge funds fail when 'rock stars' are in charge
Matthew Lynn is a Bloomberg News columnist based in London. He can be contacted at matthewlynn@bloomberg.net
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Forbes hints at world Shanghaied by billionaires
William Pesek is a Bloomberg News columnist
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  • The ideal hedge fund should be like a good local restaurant: reliable, high-quality, a loyal group of customers, and unknown to the rest of the world.
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  • Shanghai is rapidly regaining its position as China's dominant financial center. And investors betting on Hong Kong's once-indisputable place in Asia should think again.
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  • Like every year budget, this year's budget too had highs and lows for different sectors. Many of the fiscal reforms introduced in the budget have been advanced keeping in view the introduction of the GST. The increase in the excise rate seems to be a step towards smooth implementation of GST. On indirect tax front, there have been several changes in this year budget.
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  • The proposed amendments of modifying the income slabs for levying personal income tax brought some joy and glee to the individuals. With the slab rates broadened substantially and increase in tax saving investment limits, the Finance Minister has increased the disposable income of the taxpayers.
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