Monday, 30 November 2015
Last updated 2 days 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.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…