Tuesday, 21 October 2014
Last updated 15 min ago
Apr 11 2007 | 8:52am ET
Germany’s crusade to rein in hedge funds continues Friday, when finance ministers and central bank chiefs from the G7 countries are set to meet in advance of the spring meeting of the International Monetary Fund and World Bank.
Joining the regulators will be representatives from about 20 leading hedge funds, the Financial Times reports, as well as the Alternative Investment Management Association and Managed Funds Association. The talks—similar to the regular meetings proposed by German Chancellor Angela Merkel—are set to cover what a future surveillance program might look like, the newspaper reports.
“Because of the nature of international capital markets, we need to get the industry on board,” a German government source told the FT. “If we do not, they will always find a way to circumvent whatever rules and surveillance systems governments agree on. Injunctions and prohibitions are no use in this context.”
On the issue of government agreement—no small or assured thing—Germany will also press forward on Friday. Thomson Financial reports that it will lobby its fellow industrialized nations to adopt a unified stance calling for more transparency and market discipline among hedge funds. German government sources told Thomson that the country’s goal is a voluntary code of conduct, though it does not expect a final agreement this year.
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 ...