Tuesday, 21 October 2014
Last updated 2 hours ago
Apr 19 2007 | 11:29am ET
Supporters of greater supervision of hedge funds will likely have a more sympathetic forum this weekend than they did last.
With last week’s G7 meetings producing no agreement on a united international front for hedge fund oversight, Germany will take its case to European Union finance ministers, most of whom, with the notable exception of British Chancellor of the Exchequer Gordon Brown, have been supportive of Germany’s push for a voluntary code of conduct for hedge funds, as well as increased reporting and transparency requirements.
According to a background document, the meetings on Friday and Saturday in Berlin will consider whether “enhanced international cooperation on the regulatory response should be pursued,” with Germany asking its EU partners if hedge fund monitoring can be “assisted by a market-led process to develop and implement best practices.”
The discussion seems to be a move to bolster Germany’s flagging crusade to get some sort of global hedge fund reform pushed through during its presidencies of the G8 and EU, which coincide. Power to propose financial regulation in the EU lies with the European Commission, whose internal market chief, Charlie McCreevy—who will participate in the Berlin meetings—has opposed such a move.
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 ...