Monday, 20 October 2014
Last updated 2 days ago
Feb 11 2010 | 8:06am ET
With the euro facing pressure from short-sellers, European lawmakers are turning to their favorite scapegoats: hedge fund managers.
Several European Union lawmakers and finance ministers are demanding severe restrictions on speculators and short-sellers in the wake of the euro’s decline, which many blame on hedge funds. Those rules would go above and beyond those already on the table, which would impose strict reporting and custody requirements on hedge fund and private equity managers, as well as possible leverage limits.
“I am going to try to introduce a ban on naked short-selling for alternative investment funds,” Jean Paul Gauzes, a conservative member of the European Parliament and a close ally of newly-minted EU internal markets commissioner Michel Barnier, said. “I am in favor of asking the commission to come up with proposals, but there is nothing to stop us doing it already.”
Short-sellers have been all over the euro in recent days, concerned by debt problems on the parts of Greece, Portugal and Spain.
Barnier is also set to face pressure from the French and German finance ministers at a meeting of EU finance ministers next week.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...