Monday, 20 October 2014
Last updated 2 hours ago
Dec 9 2010 | 1:52am ET
A major hedge fund lobby group has seized upon a European Commission report clearing hedge funds of responsibility for the Greek debt crisis to again blast moves to regulate credit-default swaps.
"Radical curbs" on sovereign CDS trading are unnecessary given the finding that trading in Greek CDS had nothing to do with the crisis—indeed, the report found Greece itself primarily at fault.
"Given that the commission's own report has concluded that sovereign CDS trading did not cause the sovereign debt crisis… those policymakers who are still advocating radical curbs on the sovereign CDS market" should "take note," the Alternative Investment Management Association's Andrew Baker said.
But the European Union apparently has a different read on the "interim report."
It "clearly shows that there is no conclusive evidence one way or another," spokeswoman Chantal Hughes told Bloomberg News, despite the fact that the report says there is "no conclusive evidence" that CDS trading caused "higher funding costs."
"The results show that there is no evidence of any obvious mispricing in the sovereign bond and CDS markets," the report concluded.
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 ...