The Business Insider – Nassim Taleb and his hedge-fund partner Mark Spitznagel weigh in in the FT with an analysis of the world’s problem (too much debt) and a reasonable solution (convert some of the debt to equity). 

As usual, Taleb lards up his argument with guru-speak and smug swipes at every other economist on the planet, which undermine the point.  But in this case, the point is a good one.

Converting debt to equity is what corporations do when they go bankrupt.  GM and Chrysler just did it, and the airlines will do it next time they go bust.  Same for the hundreds of other companies that go broke every year.

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Tags: airlines, business insider, chrysler, corporations, economist, fund partner, gm, guru, hedge fund, lards, nbsp, partner mark, reasonable solution, swipes, taleb

West Palm Beach (HedgeCo.net) – U.S. hedge fund manager MTM Global Financial Services is looking for an offshore hedge fund partner. In order to raise approximately $50 million in capital for a REIT fund focused on newer US residential real estate in state income tax free Florida, Texas, Nevada and Washington.

The fund manager says, "By creating a joint venture with an offshore mutual fund, hedge fund, or high net worth individual, MTM Global Financial Services will provide the acquisition services, along with the day to day operation of the real estate rental portfolios."

"This is a straight up deal, with huge upside, that will offer transparency and integrity for the investors." the President of MTM Global Financial Services said, "we seek a joint venture partner, that is results driven, that values their reputation, and knows a good thing when they see one. We think this could become a lucrative long term enterprise for all involved."

Tags: 50-million, accredited-investors, acquisition services, free states, fund partner, global financial services, hedgeco, income-taxes, integrity, joint-venture, mtm, mutual-fund, off shore, palm-beach, portfolios, residential real estate, transparency, venture partner, west palm beach