Hedge Fund CIO: As We Return To The Law Of The Jungle, The Range Of Accepted Collateral Is Collapsing

By Eric Peters, CIO of One River Asset Management

“Priceless,” said Laurent Nunez, France’s mistaken interior minister, estimating the value of the collateral stolen from the second story of the Louvre. On a continent not known for its efficiency or entrepreneurial ambition, the robbery was breathtakingly well executed and bold.