Egypt's new exchange rate regime has brought greater transparency and a depreciation of the pound but also highlights a serious shortage of foreign exchange, Fitch Ratings says. For the system to work, confidence needs to be restored quickly, starting with agreement on an IMF programme.

In its newly-published Emerging Europe (EE) 2013 Outlook and Sovereign Review, Fitch Ratings says that positive rating actions in Emerging Europe sovereigns outweighed negative actions in 2012.

"Key Quant”. The saga of Robert Baguenault de Viéville and Raphael Gelrubin could be summarized in these two words, the name of the company they run. Specialized in systematic trend-following management strategies (trend following CTA)...

Established in 2001, Kedge Capital manages the assets of the Bertarelli family. The company invests successfully nearly $ 6 billion in hedge funds, for a net return of 6.7% annually since its inception...

Confidence in a recovering global economy is extending into 2013 as investor fears surrounding the fiscal cliff eased, according to the BofA Merrill Lynch Fund Manager Survey for December.