What's Hot

    El Salvador Launches Bitcoin/Lightning Dev Training Office

    March 20, 2023

    Belgium Impose New Crypto Ads Rules

    March 20, 2023

    Coinbase Expects High Demand for Unstaking After Shanghai Upgrade

    March 16, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    The Bull's GazetteThe Bull's Gazette
    Members Area
    • News
      1. Markets
      2. Policy & Economy
      3. Business
      4. Tech
      Featured

      El Salvador Launches Bitcoin/Lightning Dev Training Office

      News March 20, 2023
      Recent

      El Salvador Launches Bitcoin/Lightning Dev Training Office

      March 20, 2023

      Belgium Impose New Crypto Ads Rules

      March 20, 2023

      Coinbase Expects High Demand for Unstaking After Shanghai Upgrade

      March 16, 2023
    • Features
      • Opinion
    • Research
      • Publications
      • Market Analysis
      • Contribute
    • Finance & Crypto Guides
    • Consultation
    • Membership
    • Store
    The Bull's GazetteThe Bull's Gazette
    Home»News»Hedge Fund Billionaire Warns That UK Pension Crisis is Just the Beginning
    News

    Hedge Fund Billionaire Warns That UK Pension Crisis is Just the Beginning

    Anietie DavidBy Anietie DavidOctober 18, 2022Updated:October 18, 2022No Comments3 Mins Read
    Hedge Fund Billionaire Warns That UK Pension Crisis is Just the Beginning
    Share
    Facebook Twitter LinkedIn Pinterest Email

    UK Billionaire, Paul Marshall warns that as one of the largest hedge funds in the world, the UK pension fund crisis is only just beginning, while central banks around the world are raising interest rates and ending quantitative easing.

    Paul Marshall, co-founder of the $62 billion investment firm Marshall Wace, said central banks had created the perfect environment for “malinvestment” by artificially keeping interest rates low for decades. years.

    “The UK LDI industry is the first casualty of the end of the era of money for nothing – the first dead fish to come to the surface as central bank interest rate hikes act as a dynamite fishing in global asset markets.”

    Marshall said in a letter sent to clients this month.

    Liability-driven investing is a form of financial engineering that incorporates derivatives and allows defined benefit plans to increase leverage and returns. The Bank of England was forced to step in to stabilize markets after rising gilt yields triggered margin calls for funds processed too quickly.

    Bank of England Withdraws Tax Cuts

    Central banks reversed years of quantitative easing to curb rising inflation, triggering volatility and disrupting stock, bond and currency markets. The UK government, under a new prime minister, has now withdrawn tax cuts announced last month, triggering a sell-off in gilts and exposing weakness in the LDI structure.

    Next could be the European government bond market, Marshall said. The billionaire also noted that given the fragility of the financial system, central banks may take a pause in monetary tightening.

    “The painful path will have casualties and it will be interesting to see how central banks respond when those casualties come to the surface,” Marshall wrote. “Time will tell. But for now, we think the best opportunities remain on the short side.”

    he said, referring to a strategy that makes money from falling prices.

    UK Government Introduces Bill to Digitize Trade Documents

    Lawmakers in the UK House of Lords have introduced legislation aimed at eliminating the need for paper commercial documents and increasing opportunities for using blockchain technology to track records.

    In an announcement, MP Michelle Donelan and the UK Department for Digital, Culture, Media and Sport said the Electronic Trade Documents Bill had been tabled in Parliament. The legislation proposes to eliminate “unnecessary paperwork and bureaucracy” by legalizing digital documents for commerce.

    Thank you for your support on the Bill @michelledonelan It is a stellar piece of work by DCMS and a game changing piece of legislation. There is a huge international following from all corners of the globe watching very closely! @DamianCollins @iccwboUK @iccwbo https://t.co/ig1UR2XT63

    — Chris Southworth (@chrisouthworth) October 13, 2022

    According to Donelan and the Digital Department, the bill will reduce document-related carbon emissions by at least 10% and cut processing times – around 28.5 billion paper trade documents are processed every day in the UK. If approved, the legislation would allow companies to provide electronic versions of documents, including promissory notes, warehouse receipts, cargo insurance certificates and ship’s bills of lading.

    Economy Hedge Funds Paul Marshall UK Government
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleCrypto Exchange FTX Under Investigation by Texas Regulators
    Next Article Moola Market Loses Over $10M in Market Manipulation Attack
    Anietie David

    Anietie has worked in the blockchain industry for three years, gaining experience in blockchain technology, cryptocurrencies, DeFi, and NFTs. As a seasoned content writer, he is passionate about creating effective content strategies for blockchain brands. In addition to content writing, he also has a strong interest in front-end development. When he's not working, he spends his time reading horror novels or playing CODM.

    Related Posts

    El Salvador Launches Bitcoin/Lightning Dev Training Office

    March 20, 2023

    Belgium Impose New Crypto Ads Rules

    March 20, 2023

    Coinbase Expects High Demand for Unstaking After Shanghai Upgrade

    March 16, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    Top Posts

    New Crypto Mining Bill in Russia Mandates Earnings Reports

    March 10, 2023

    India Pushes Anti-money Laundering Regulation for Crypto Transactions

    March 8, 2023

    Zambia Explore Crypto Regulatory Framework 

    February 20, 2023

    Our best content, straight to your inbox.

    Disclaimer

    Capital at risk. Content on this website does not constitute financial advice. Please do your due diligence before making any investment.

    Company
    Company

    At the forefront of news and analysis for emerging markets, business, crypto and tech - TBG is redefining financial information through resources for next-generation economics.

    Facebook Twitter Instagram LinkedIn TikTok Discord
    Links
    • About
    • Contribute
    • Advertise
    • Careers
    • Membership
    • Investor Relations
    • Frequently Asked Questions

    TBG Newsletter

    © 2023 The Bull's Gazette.
    • Terms and Privacy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.