Monday, 20 October 2014
Last updated 2 days ago
Jun 24 2010 | 12:00pm ET
The fate and form of the Volcker rule is one of only two unresolved issues in the massive U.S. financial regulation overhaul, as lawmakers work to get a final bill to President Barack Obama by July 4.
“Everything is in play right now as I’m trying to pull this together,” Sen. Christopher Dodd (D-Conn.) said of the talks over the Volcker rule, which could bar banks from the alternative investments industry and from proprietary trading.
Senators and representatives are trying to iron out the differences between the reform bills passed by each house of Congress. The 42-member committee is awaiting changes to the Volcker rule expected to be proposed by Dodd.
It is possible that the ban on sponsoring and investing in hedge funds could be weakened or done away with, leaving the rule barring only proprietary trading and owning hedge and private equity funds. Sen. Scott Brown (R-Mass.) is also pushing for an exemption from the rule for custody banks.
In exchange, Dodd may propose tougher language to eliminate the wiggle room granted to regulators under the current language of the rule.
Derivatives oversight is the other outstanding issue in the conference talks.
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 ...