"JP Morgan & Dimon were not hedging. They were involved in pure & sheer speculation in arrogant violation of the spirit of the Volcker rule," Nouriel Roubini comments on his Twitter page.
The former parliamentary leader of the United Kingdom has told one of the most prestigious institutions in the United States that financial decisions must be taken on a global level.
A group of activist investors representing $1 trillion in assets under management are seeking action from the hydraulic fracturing industry due to the increasing level of uncertainty about its potential for environmental damage.
Investors are focused on the wrong objective, trying to keep up with indexes as opposed to trying to minimize volatility by limiting drawdowns, asset owners and managers say.
