{"id":35459,"date":"2013-05-14T09:35:51","date_gmt":"2013-05-14T13:35:51","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=35459"},"modified":"2013-05-14T09:35:51","modified_gmt":"2013-05-14T13:35:51","slug":"cayman-islands-spars-with-sachs-over-hedge-fund-directorships","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2013\/cayman-islands-spars-with-sachs-over-hedge-fund-directorships.html","title":{"rendered":"Cayman Islands Spars With Sachs Over Hedge Fund Directorships"},"content":{"rendered":"<p>Bloomberg &#8211; The head of the Cayman Islands financial services industry trade group rejected charges from economist\u00a0Jeffrey Sachs\u00a0that the Caribbean nation\u2019s oversight of\u00a0hedge funds\u00a0and banks is a \u201cmortal threat\u201d to the global economy.<\/p>\n<p>Sachs, in separate\u00a0letters\u00a0to the Financial Times the past two weeks, said some residents of the island nation sit on hundreds of fund boards, limiting their ability to provide oversight. He also said the Cayman banking system has $1.4 trillion in liabilities and assets, citing data from the\u00a0Bank for International Settlements. The system is a \u201chouse of cards\u201d for the global financial system, he said.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2013-05-13\/cayman-islands-spars-with-sachs-over-hedge-fund-directorships.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; The head of the Cayman Islands financial services industry trade group rejected charges from economist\u00a0Jeffrey Sachs\u00a0that the Caribbean nation\u2019s oversight of\u00a0hedge funds\u00a0and banks is a \u201cmortal threat\u201d to the global economy. Sachs, in separate\u00a0letters\u00a0to the Financial Times the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-35459","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=35459"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35459\/revisions"}],"predecessor-version":[{"id":35463,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/35459\/revisions\/35463"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=35459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=35459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=35459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}