Marsh Marshall | |
---|---|
Nationality | American |
Education | Tufts University, Stanford University, Oxford University |
Occupation(s) | Economist, Venture Capitalist and Financial Engineering Executive |
Marsh Marshall is an American economist, venture capital and hedge fund manager, and television producer. He is the author of "Organizations and Growth in Rural China", [1] academic and newspaper articles on China's economy [2] [3] [4] and on venture capital investing. [5] He is currently Chief Operating Officer at the quantitative hedge fund, Periwinkle Trading LLC, and is writing a book on investment, economic growth and corporate governance.
Marshall was born in 1953 and raised in Washington DC, where he graduated from Georgetown Preparatory School in 1971. In 1975, he earned a bachelor's degree in history from Tufts University (magna cum laude); a 1977 master's degree in development economics from Stanford University, and a 1983 doctorate degree in economics from Oxford University, where he was a Tutor in Economics at Magdalen College. His doctoral thesis focused on the relationship between institutions and economic growth. [6] In July 1979, Marshall was a member of a small delegation of Oxford and Cambridge economists invited by the Chinese Academy of Social Science to discuss economic reforms with China's leader, Deng Xiaoping. [7] In a 1979 article, Marshall presented evidence that the apparent success of Mao Zedong's agricultural model, Dazhai, was a fraud. [8] In 1981, China's post-Mao leadership acknowledged the fraud in Beijing Review. [9]
In 1993-1995 Marshall led a Silicon Valley–based team of designers and engineers for Bell Atlantic in the development of user interfaces and electronic program guides for video-on-demand service, for which Marshall was issued a US patent. [10] In 1996, Marshall was subsequently appointed Vice President at Tele-TV, a partnership of Bell Atlantic, NYNEX and Pacific Bell. [11] In 1998, Marshall was IXI Corporation's Chief Operating Officer, and helped establish a data network of $10 trillion in directly measured financial assets from large mutual funds, banks, and insurance companies; after the 2009 sale of the company to Equifax (NYSE: EFX), Marshall became President of the IXI Digital division of Equifax. [12] [13] [14] In 2000, Marshall became a General Partner at a $90 million, Rothschild-sponsored venture capital firm, ECentury Capital, where he made equity and debt investments in software, semiconductor, and digital media companies and served on eight boards. [15] [16] Marshall is currently Chief Operating Officer at the statistical arbitrage, systematic hedge fund Periwinkle Trading LLC, founded by Scott Smallwood, former Managing Director at Morgan Stanley's quantitative hedge fund, Process Driven Trading. [17] In 2011, Marshall was appointed Chairman of the Board of Bluecava, a California software and digital device data company. [18] He was a board director of Linkable Networks and a senior adviser at I2 Capital [19] [20]
Marshall's television career was centered at the British Broadcasting Corporation in London, where he was trained in news and current affairs production. Marshall was with the British Broadcasting Corporation for five years and produced and directed more than a dozen major programs and films. His filmography includes Life After Debt for BBC Panorama; Moneylenders for PBS Frontline; On Course for War (for Panorama); Czech Mate (with BBC Foreign Affairs Editor John Simpson); Review of the Year 1989 with Jonathan Dimbleby, a 90-minute Christmas season film for BBC1, [21] [22] [23] [24] [25] In 1993, he directed a BBC drama, War with America, a special effects film set in the future, with a cast of British actors,. [26] [27]
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 190 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world."
The economy of Kenya is market-based with a few state enterprises. Kenya has an emerging market and is an averagely industrialised nation ahead of its East African peers. Currently a lower middle income nation, Kenya plans to be a newly industrialised nation by 2030. The major industries driving the Kenyan economy include financial services, agriculture, real estate, manufacturing, logistics, tourism, retail and energy. As of 2020, Kenya had the third largest economy in Sub-Saharan Africa, behind Nigeria and South Africa. Regionally, Kenya has had a stronger and more stable economy compared to its neighboring countries within East Africa.By 2023, the country had become Africa's largest start-up hub by both funds invested and number of projects.
The economy of Liberia is extremely underdeveloped, with only $3.222 billion by gross domestic product as of 2019, largely due to the First (1989–1996) and Second Liberian Civil War (1999–2003). Liberia itself is one of the poorest and least developed countries in the world, according to the United Nations.
The Marshall Plan was an American initiative enacted in 1948 to provide foreign aid to Western Europe. The United States transferred $13.3 billion in economic recovery programs to Western European economies after the end of World War II. Replacing an earlier proposal for a Morgenthau Plan, it operated for four years beginning on April 3, 1948, though in 1951, the Marshall Plan was largely replaced by the Mutual Security Act. The goals of the United States were to rebuild war-torn regions, remove trade barriers, modernize industry, improve European prosperity and prevent the spread of communism. The Marshall Plan proposed the reduction of interstate barriers and the economic integration of the European Continent while also encouraging an increase in productivity as well as the adoption of modern business procedures.
The economy of Thailand is dependent on exports, which accounted in 2021 for about 58 per cent of the country's gross domestic product (GDP). Thailand itself is a newly industrialized country, with a GDP of 17.367 trillion baht (US$495 billion) in 2022, the 9th largest economy in Asia. As of 2018, Thailand has an average inflation of 1.06% and an account surplus of 7.5% of the country's GDP. Its currency, the Thai Baht, ranked as the tenth most frequently used world payment currency in 2017.
The economy of the United Kingdom is a highly developed social market economy. It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest by purchasing power parity (PPP), and twenty-first by nominal GDP per capita, constituting 3.1% of nominal world GDP. The United Kingdom constitutes 2.3% of world GDP by purchasing power parity (PPP).
Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Proponents argue that protectionist policies shield the producers, businesses, and workers of the import-competing sector in the country from foreign competitors and raise government revenue. Opponents argue that protectionist policies reduce trade, and adversely affect consumers in general as well as the producers and workers in export sectors, both in the country implementing protectionist policies and in the countries against which the protections are implemented.
The economy of Asia comprises about 4.7 billion people living in 50 different nations. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world's longest modern economic booms.
Distressed securities are securities over companies or government entities that are experiencing financial or operational distress, default, or are under bankruptcy. As far as debt securities, this is called distressed debt. Purchasing or holding such distressed-debt creates significant risk due to the possibility that bankruptcy may render such securities worthless.
Citadel LLC is an American multinational hedge fund and financial services company. Founded in 1990 by Ken Griffin, it has more than $63 billion in assets under management as of June 2024. The company has over 2,800 employees, with corporate headquarters in Miami, Florida, and offices throughout North America, Asia, and Europe. Founder, CEO and Co-CIO Griffin owns approximately 85% of the firm. As of December 2022, Citadel is one of the most profitable hedge funds in the world, posting $74 billion in net gains since its inception in 1990, making it the most successful hedge fund in history, according to CNBC.
Global macro is an investment strategy that leverages macroeconomic and geopolitical data to analyze and predict moves in financial markets. Large-scale or "macro" political and economic events can disproportionately impact certain sectors, such as the energy, commodity, and currency markets, over others. The strategy typically employs forecasts and analysis of interest rate trends, international trade and payments, political changes, government policies, international relations, and other broad systemic factors.
Raymond Thomas Dalio is an American investor and hedge fund manager, who has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He founded Bridgewater in 1975 in New York.
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China's economy is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. China is the world's second largest economy by nominal GDP, behind the United States, and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP). China accounted for 19% of the global economy in 2022 in PPP terms, and around 18% in nominal terms in 2022. The economy consists of public sector enterprises, state-owned enterprises (SOEs) and mixed-ownership enterprises, as well as a large domestic private sector and openness to foreign businesses in their system. According to the annual data of major economic indicators released by the National Bureau of Statistics since 1952, China's GDP grew by an average of 6.17% per year in the 26 years from 1953 to 1978. China implemented economic reform in 1978, and from 1979 to 2023, the country's GDP growth rate grew by an average of 8.93% per year in the 45 years since its implementing economic reform. According to preliminary data released by the authorities, China's GDP in 2023 was CN¥126.06 trillion with a real increase of 5.2% than the last year.
Marc Lasry is a Moroccan American billionaire businessman and private equity manager. He is the co-founder and chief executive officer (CEO) of Avenue Capital Group. He was a co-owner of the NBA's Milwaukee Bucks basketball team from 2014 to 2023.
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The post–World War II economic expansion, also known as the postwar economic boom or the Golden Age of Capitalism, was a broad period of worldwide economic expansion beginning with the aftermath of World War II and ending with the 1973–1975 recession. The United States, the Soviet Union and Western European and East Asian countries in particular experienced unusually high and sustained growth, together with full employment.
J. Kyle Bass is an American investor and founder of Conservation Equity Management, a Texas-based private equity firm focused on environmental sustainability. He is also the founder and principal of Hayman Capital Management, L.P., a Dallas-based hedge fund focused on global events.
Pine River Capital Management is an American asset management firm based in Minnetonka, MN. The firm traded its investors funds using stocks, fixed income, derivatives and warrants.
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