Brevan Howard Pushing Stimulus As Draghi Was Deliberating

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Mark Melin
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European Focused Fund Says Not Doing EU Stimulus “Illegal” As ECB Was Making Decisions   A struggling Brevan Howard looked out at the European landscape this past November and noted that it wasn’t just Mario Draghi’s best judgment to engage in quantitative easing, it was his legal obligation. According to a November 2014 shareholders report, reviewed by ValueWalk, Draghi appeared not only to have a “legal mandate” to go through with stimulus, they wrote as the decision was being made, but he was on a holy quest, it appears. Lobbying of the “independent” ECB During the summer a little reported…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.