Monaco hotel © fintag

Today's longs:
BlueCrest moves corporate headquarters to Guernsey (global pensions)

So the traders are in Switzerland, the HQ in the Channel Islands and some low paid jubs stay in London? The FSA badge is not worth much these days.

Petters fails to out-do Madoff (msnbc)

Big Mike is saved. Is it because he is black?(american idol)

EU lies to the USA about its AIFM (ft)

Today's shorts:
Back office says UK is truly fcuked (tpa)
The Greeks show that Greece is Greeced (bloomberg)
Brown Bans Bankers (cityam)

So Gordon Brown is turning the Labour Party into the Communist party. Maybe he is Greek after all?

Goldman struggles to pay its people properly (nyt)
Ready for the next credit inspired crash? (fa)
UK to ban all petrol cars (independent)

News comments:
Why are hedge fund managers over regulated in the UK? They have to put up capital and get visits by people who cannot speak English and put the fear of god into them? Tax is a good reason to leave the UK but I think regulation is the second reason.

I am now living in Monoco. I have the floor below Philip Green in that famous hotel he and his family live in. Using cloud technology I can trade anywhere and given all my investors are non UK based, it makes sense. I have my factory in London where the people are highly educated and live is like it used to be 10 years ago.

Gossip:
Fintag to be extradited later this year.

Also google will soon stop saying fintag.com is harmful for your computer.