Normal
and now it's 2022 and I bet the relativities have changed.1. Last Wednesday, a few hours before Russian tanks began rolling into Ukraine, alarms went off inside Microsoft’s Threat Intelligence Centre, warning of a never-before-seen piece of “wiper” malware that appeared aimed at the country’s government ministries and financial institutions.Within three hours, Microsoft threw itself into the middle of a ground war in Europe — from 5,500 miles away. The threat centre, north of Seattle, had been on high alert, and it quickly picked apart the malware, named it “FoxBlade” and notified Ukraine’s top cyberdefence authority. Within three hours, Microsoft’s virus detection systems had been updated to block the code, which erases — “wipes” — data on computers in a network.2. Koda Capital is in full mea culpa mode after a private note urged clients to fill their boots with “disproportionately oversold” Russian stocks, which the firm argued are “well-placed to cope with current and likely future sanctions”. Cue outrage.Setting aside the moral implications of a wealth manager pointing its nearest and dearest into an underweight war thematic, there’s the minor issue of its general advisability.Major asset managers all over the world are yanking their capital from Russian investments and index providers are axing them from emerging market benchmarks.[URL unfurl="true"]https://www.afr.com/rear-window/koda-capital-s-crazy-russia-bet-20220301-p5a0nh[/URL].................. I hope their Risk Disclosure bit at the back of their documents is thorough. "Hello, Shine Lawyers?"
and now it's 2022 and I bet the relativities have changed.
1. Last Wednesday, a few hours before Russian tanks began rolling into Ukraine, alarms went off inside Microsoft’s Threat Intelligence Centre, warning of a never-before-seen piece of “wiper” malware that appeared aimed at the country’s government ministries and financial institutions.
Within three hours, Microsoft threw itself into the middle of a ground war in Europe — from 5,500 miles away. The threat centre, north of Seattle, had been on high alert, and it quickly picked apart the malware, named it “FoxBlade” and notified Ukraine’s top cyberdefence authority. Within three hours, Microsoft’s virus detection systems had been updated to block the code, which erases — “wipes” — data on computers in a network.
2. Koda Capital is in full mea culpa mode after a private note urged clients to fill their boots with “disproportionately oversold” Russian stocks, which the firm argued are “well-placed to cope with current and likely future sanctions”. Cue outrage.
Setting aside the moral implications of a wealth manager pointing its nearest and dearest into an underweight war thematic, there’s the minor issue of its general advisability.
Major asset managers all over the world are yanking their capital from Russian investments and index providers are axing them from emerging market benchmarks.
[URL unfurl="true"]https://www.afr.com/rear-window/koda-capital-s-crazy-russia-bet-20220301-p5a0nh[/URL]
.................. I hope their Risk Disclosure bit at the back of their documents is thorough. "Hello, Shine Lawyers?"
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