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Posts Tagged ‘Proprietary Technology’

Ex-Ikos chair Coward launches illegal hedge fund.

In Capital Shortfall, Cataclysm, Culture, Cyprus, Cyprus Investment Promotion Agency (CIPA), Cyprus Securities and Exchange Commission (CySEC), default, Economic Institutions, Environment, European Union, Financing Reconstruction, FX, Global Economics, Hedge Fund, IKOS Financial, macroeconomic factors, MF Global, Multibillion, philanthropy, price volatility in energy, Proprietary, Regulatory demands, selective default, spillover effect, Turbulent Markets on November 2, 2011 at 7:11 pm

Martin Coward, co-founder of Ikos Financial and estranged husband of Elena Ambrosiadou, is preparing to launch his own hedge fund. The FT reports the fund will be activated next year, using the same state of the art proprietary technology to benefit from high frequency trading that has lead to Ikos’s success.
Although Coward is the original code designer he does not have ownership of it.
Ms. Elena Ambrosiadou has put in place an injunction that is enforceable in the EU (UK & Cyprus) making it illegal for Mr. Coward from talking about Ikos or to any individual connected to the fund, ever.

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The Maltese Falcon built by Perini Navi is a clipper sailing luxury yacht, owned by Elena Ambrosiadou.

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Europe’s Besieged Banks, Relief….MF Global & Greece’s Ejection

In Belgian, Capital Shortfall, Cataclysm, Culture, default, Economic Institutions, Environment, European Union, Financing Reconstruction, FX, Global Economics, ICE Brent Crude oil, latin america, macroeconomic factors, Multibillion, Nuclear, philanthropy, price volatility in energy, Regulatory demands, selective default, spillover effect on November 2, 2011 at 6:41 pm

EU banks have received a short period of relief from the unpleasant sovereign debt crisis of the GIIPS. As bank shares recovered from political efforts to provide a comprehensive program for resolving the crisis. The recent 29% writedown on Greek debt held by the private sector and a plan to help support bank racapitalisation by 106 billion euros by the end of June. Days following this deal and many assurences that investors would be 100% capable of raising equity, the MF Global bankruptcy this monday proves different.
This after Bernanke reassured congress in July that US banks exposure to troubled EU nations was “quite small.”
These writedowns and restructures are not enough, the EU does not have “months” to vote on approval. Markets are down accross the board. A decision must be made immediately. It looks as though Greece will be ejected from the Euro using the bail out fund to partially compensate the banks holding Greek debt within EU.

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MF Global 716 5th ave

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