William Thorsteinsson investor refuses to answer the question of whether and how companies in its p

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William Thorsteinsson investor refuses to answer the question of whether and how companies in its portfolio, cleaning windows Teton, has a short position and profit significantly in the years before cleaning windows the crash. The investor is considering candidacy for Parliament, as stated in DV.is, and discussions of past parliamentary candidate target in the feedback system, DV. Since William denies cleaning windows only that his company has taken a position against cleaning windows the Icelandic krona and answers that neither of nor whether he had profited from the different kind of exposures, such as in certain securities.
In athugasemdakerfinu William refuses to Teton have taken positions against the Icelandic krona. Erling Ingvason William asks them whether Teton have taken positions against Icelandic banks. So says Andrea Ólafsdóttir presidential: ,, This is actually an article you nothing about why Teton healing so exhilarating amounts? Ok, you do not say the ISK, but do you think in general it be honorable and legitimate business cleaning windows practice to engage in short positions / bets on currencies and industry / company? "William answered, however, not directly, but refers to an old article about the economic situation in Iceland he wrote in early 2008.
DV News Teton gains earlier this year. In the news came out that the Teton had invested in government bonds and housing bonds through Kaupthing in Luxembourg. He said a financial analyst who spoke with DV it were a case of indirect exposures cleaning windows against the Icelandic krona. News of the case is published verbatim below:
,, Teton Investment Pvt., Which is owned by William the Þorsteinsson's Arni Karlsson and Gunnlaugs Sigmundsson invested in bonds and government cleaning windows bonds collapsed cleaning windows in 2008, according to sources DV. Such bonds are government guaranteed and therefore very valuable investment. The bonds have the same sound assessment Aa1, with Moody. The transaction took place through Kaupthing Luxembourg in the so-called total swaps (e. Swaps total return).
DV has recently discussed a lot about issues Teton and shareholders took a 600 million dividend from investment cleaning windows in 2009 for the business year 2008 dividend was paid to the three holding companies in Luxembourg. Teton profit of nearly 1,150 million crashes in 2008 and was based on the dividend. All shareholders of the company refused to discuss the DV about this company's profits were arising. "We prefer not to advertise what we are investing in each case," said Eagle with DV.
DV, however, has now received confirmation that the Teton has invested in government bonds and bonds. In the report, the SIC is also a discussion cleaning windows about Teton stating that Kaupthing financed through Teton Kaupthing cleaning windows in Luxembourg with the so-called total swaps. The report states that the Teton has been one of the primary borrower of Kaupthing through cleaning windows such agreements, but in early 2008 the total debt of the company to the bank 28 million euros, about three billion, cleaning windows because of them.
The report states that the Icelandic banks had made such total swaps with several foreign banks and that they contain the two financial institutions "agree to exchange regular income of a portfolio of financial products on the one hand and regular payments on the other (usually interbank rates (LIBOR ) plus a premium). " It shows that the most common is the underlying transaction is a portfolio of loans or corporate bonds. Analysts who spoke with DV says that it is possible to make such a total swap of government cleaning windows securities such as treasury bonds and HFF.
She said the party had made such a total swap of government securities could have gained the interest rate differential, which was result of CB interest rate hikes because of the depreciation in the years before the crisis. Krona collapsed in value in 2007 and the collapse of the 2008 Central Bank policy rate cut as a result.
If Teton has pursued such transactions with these countries backed securities through Kaupthing Luxembourg was not such an exposure against the krona, quoting expert. He says, however, that indirect exposures have been involved cleaning windows since the transaction was based on the exchange rate would fall and interest rates in Iceland were raised in the suit and they would make the difference in interest in the business suit. This means that the person who stands to gain from such transactions is considered likely that the exchange rate would decrease cleaning windows in 2008.
This form of profit Teton in 2008, however, is only possible, however, known to Teton has invested in bonds and government bonds and made whole swap with Kaupthing, it is not given that the transaction has taken place in this way. This form of execution, however, rhymes well with the word Örn Karlsson on the nature of the investment Teton, he spoke of a conversation with DV. "No, we just ha