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Thread: Dick spring the hedge fund director

  1. #1
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    Default Dick spring the hedge fund director

    From the indo.

    ''DICK Spring is a director at a currency speculation fund manager that has made big money by shorting the euro.

    The government-nominated AIB public interest director and his colleagues at Alder Capital have made huge profits as financial markets savage the euro over fears that the EU may implode over Greek, Spanish and Portuguese debt mountains. The euro has tumbled against the dollar in recent weeks as speculators and hedge funds smell blood.

    Alder manages the €38.9m Friends First Insight Currency Fund, which scored double-digit returns by shorting the euro in 2009. It grew returns by 12.17 per cent by betting against the euro and the US dollar on currencies like sterling and the Australian and Canadian dollar, its latest quarterly report says.

    The former Labour party leader and Tanaiste once slated the "financial pirates", or currency speculators, for putting pressure on the Irish punt in the early 1990s.

    Spring is a non-executive director and shareholder at at Alder Capital. ''

    Spring's fund shorts the euro - Irish, Business - Independent.ie



    This was back in mid may of this year and i did not see it up on this board and thought it was worth highlighting especially considering spring's role within the party past and present and especially how his work would seemingly run to the contrary to the supposed socialist and left wing ethos of his party.


    Any opinions from labour party members on here with regards to mr spring and his business dealings?

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    I have asked this already, how does this sit with rank and file Labour people as Dick Spring is campaign manager for his nephew Arthur John( ex employee of Anglo Irish Bank) in the next GE?

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    Politics.ie Member ocoonassa's Avatar
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    LP, FF, FG, SF, PD et al.

    At least two million idiots will vote for them at the next election.

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    Quote Originally Posted by Rosmuc View Post
    I have asked this already, how does this sit with rank and file Labour people as Dick Spring is campaign manager for his nephew Arthur John( ex employee of Anglo Irish Bank) in the next GE?
    Is this true! ?

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    Anyone who thinks the Labour Party are a Socialist party needs their heads examined. A gang of spivs the lot of them.

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    Quote Originally Posted by Halo View Post
    Is this true! ?
    This has been reported here many times. It features in the current issue of The Pheonix as I just saw in the Kerry local thread.



    http://www.politics.ie/3123873-post142.html

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    Quote Originally Posted by Rosmuc View Post
    This has been reported here many times. It features in the current issue of The Pheonix as I just saw in the Kerry local thread.



    http://www.politics.ie/3123873-post142.html
    'Champagne socialists' my arse, 'champagne capitalists' is more appropriate.

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    Quote Originally Posted by ocoonassa View Post
    LP, FF, FG, SF, PD et al.

    At least two million idiots will vote for them at the next election.
    And who will you be voting for along with the 1,999,999.

    Don't vote = Don't bitch

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    Quote Originally Posted by Halo View Post
    'Champagne socialists' my arse, 'champagne capitalists' is more appropriate.
    ...or one I read lately "Chandelier Socialists" which did bring a smile to my face.....

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    Politics.ie Member stoichkov's Avatar
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    spring showed his true colours in 1992 when he got into bed with albert reynolds.

    and that was swiftly followed by the grubby little "jobs for the boys/girls" episode, with labour tds doling out sinecures to their offspring, cousins and various friends.

    spring is about as much of a socialist as bertie ahern.

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