Friday, 24 October 2014
Last updated 10 hours ago
Mar 9 2010 | 9:21am ET
Hedge funds have taken a lot of grief for Greece’s troubles. The country last week went so far as to bar hedge funds from participating in a debt sale in retaliation. But it seems the industry may stand falsely accused.
The German financial regulator, BaFin—not generally known for its pro-hedge fund stances—moved to tamp down on speculation that hedge funds were pushing Greece towards default.
“The Bundersanstalt für Finanzdienstleistungsaufsicht has, contrary to reports, not found that derivatives, otherwise known as credit default swaps, were used to speculate against Greek government bonds,” the regulator said, according to the Financial Times.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.