Monday, February 10, 2014

Nick Leeson to Henceforth and Hereinafter Be Known as The Original Rogue Trader©

I was curious whether Baring Asset Management, residue and remainder of the ancient organization dispatched by the Kobe earthquake and one Nicholas Leeson Original Rogue Trader© had any comment on the recent unpleasantness in Argentina.

They have, probably wisely considering their antecedents (no aspersions on current holder of the marque Mass Mutual Financial Group) kept mum, even reserving to themselves their thoughts on the flagship Baring Emerging Market Debt Local Currency Fund down 13.46% but not repeating prior history, don't even think it.

Anyhoo, one click led to another and a long intro to a short quote, from nickleeson.com:
Welcome to the official website of Nick Leeson – the original Rogue Trader whose unchecked risk-taking caused the biggest financial scandal of the 20th century....
See also the FT from last month: 
Nick Leeson warns that banks are still under threat from rogue trading