Tuesday, 21 October 2014
Last updated 10 hours ago
Feb 15 2007 | 11:49am ET
In the wake of last weekend’s G7 finance ministers meeting that broached the subject of hedge fund oversight and regulation, Federal Reserve Chairman Ben Bernanke is throwing his weight squarely behind the reguskeptics.
Bernanke yesterday told the Senate Banking Committee the he “would be very reluctant to get involved in heavy-handed, direct regulation of hedge funds,” fearing that such a move would stifle innovation.
“One of their key characteristics is that they are very nimble,” Bernanke said. “That is good for the economy, because they help create liquidity in markets, they help to spread risks around more broadly, and a regulatory regime that inhibited that flexibility and nimbleness would eliminate a lot of the economic benefits.”
Bernanke’s concerns echo those of U.S Treasury Secretary Henry Paulson, who said after the close of the G7 meeting, “Market discipline, focusing on risk management of regulated counterparties, is the most effective way to address potential systemic risk concerns.”
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 ...