Tuesday, 21 October 2014
Last updated 7 hours ago
May 19 2010 | 11:33am ET
Republicans yesterday blocked a vote on the a rule that could bar banks from the hedge fund and private equity industries, potentially delaying the adopting of sweeping financial reforms in the U.S.
The version of the Volcker Rule crafted by Sens. Carl Levin (D-Mich.) and Jeff Merkley (D-Ore.) would exclude banks that do not take deposits, man loans or use the Federal Reserve’s discount window. It would also give firms that do time to extricate themselves from investments and businesses that would be banned by the law.
Levin and Merkley’s amendment would also allow banks to continue to invest client funds in hedge funds, but would specifically bar them from mixing their own capital with their clients’.
“I’m not inclined to vote for cloture if we can’t get a vote on this,” Levin said, referring to a vote to end debate on the overall financial package.
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 ...