Published On: Mon, Jul 27th, 2015

Why ASIC’s Greg Medcraft backs BlackRock’s Larry Fink over Carl Icahn

Carl Icahn,   chairman,   Icahn Enterprises and BlackRock chief executive Larry Fink were involved in a frank exchange of opinions about the bond market on July 15. CNBC

 

One morning almost two weeks ago, securities regulator Greg Medcraft awoke in Sydney to an extraordinary news story about American hedge fund tsar Carl Icahn accusing the world’s biggest investment firm, BlackRock, and Federal Reserve chair Janet Yellen of pushing bond investors partying on a bus “over a cliff”.

As chairman of the Australian Securities and Investments Commission and head of the influential International Organisation of Securities Commissions (IOSCO) that is responsible for identifying emerging risks, Medcraft was acutely aware of the claims behind Icahn’s dire warning…

For the full story,  click here 

Australian Financial Review AFT, by John Kehoe

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