Wednesday, 27 August 2014
Last updated 6 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.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...