Joel Peress

Professor of Finance
Email joel.peress@insead.edu
The case focuses on the ill-fated relationship between the LIA, Libya’s new sovereign wealth fund, and Goldman Sachs, and the ultimately disastrous $1.2 billion derivatives (elephant) trades the LIA entered into in early 2008 on Goldman’s advice. The analysis deals with basic derivative instruments, terminology and concepts (e.g., leverage, counterparty risk) as well as valuation issues both intui

Published 24 Sep 2018

Reference 6274

Topic Economics & Finance

Industry Financial Services Banking Investment Banking

Region Middle-East

View case
In late 2011, Infineon (IFX), a German semiconductor company, is sitting on a €2.4bn cash balance representing 40% of its assets. As part of a financial policy review, management is receiving conflicting advice from different quarters as to whether to pay out some of the cash holdings, how much and by which methods.

Published 25 Aug 2014

Reference 5961

Topic Economics & Finance

Industry Semiconductors

Region Global

View case
The case focuses on the ill-fated relationship between the LIA, Libya’s new sovereign wealth fund, and Goldman Sachs, and the ultimately disastrous $1.2 billion derivatives (elephant) trades the LIA entered into in early 2008 on Goldman’s advice. The analysis deals with basic derivative instruments, terminology and concepts (e.g., leverage, counterparty risk) as well as valuation issues both intui

Published 24 Sep 2018

Reference 6274

Topic Economics & Finance

Industry Financial Services Banking Investment Banking

Region Middle-East

View case
The generation and diffusion of information in financial markets, with applications to asset pricing, portfolio theory, mass media and economic growth