Oh for the days of stability in the Middle East and the rule of Libyan strongman Muammar Qaddafi. At least then an entertaining lawsuit pitting the Libyan Investment Authority against Goldman Sachs and Societe Generale might actually have proceeded. Libya: Escalating choas may derail lawsuit As the escalating chaos in Libya has ripped apart the social fabric of the country, not to mention slashing oil production by as much as 1/3, the civil disarray that was predicted (by us) to become a factor in the lawsuit the oil rich nation had filed against large banks may come to pass. In the lawsuit,…
Libya's Lawsuit Against Banks Threatened Amid "Chaos"
Mark Melin
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.