The European debt crisis garnered much of the headline attention in December, as it did in November. read hedge fund monthly commentary
December 31, 2011
Sovereign debt issues were the focus of the month.
The financial world was focused on Europe, as expectations for a comprehensive plan to address the sovereign debt crisis drove markets higher.
A UBS rogue trader has cost the firm up to $2 billion in an alleged scheme that went undetected for three years.