Wednesday, 1 October 2014
Last updated 45 min ago
Apr 19 2007 | 10:45am ET
A U.S. regulatory official had some tough words for hedge funds yesterday, but stuck to the party line that the market is the key to controlling risks.
Jim Embersit, the deputy associate director for market and liquidity risks at the Federal Reserve’s Division of Banking Supervision, said that hedge funds, and the banks that lend to them, have “considerable work” to do to standardize and improve credit terms, risk measurement and transparency. But he laid responsibility for those changes squarely at the feet of investors.
“This is an area that is crying out for leadership in the investor community,” he said, speaking before an audience at New York University's Stern School of Business. “Investors should seek assurances that hedge funds are complying with risk management practices.” He also said that “more work needs to be done in dealer banks.”
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...