Monday, 20 October 2014
Last updated 2 days ago
Feb 10 2011 | 4:56am ET
The Volcker rule, barring banks from proprietary trading and seriously limiting their freedom to invest in hedge funds, will become a reality on April 1.
The Federal Reserve yesterday approved the rule, mandated by the Dodd-Frank financial regulation reform law last year. The central bank gave the banks it oversees two years to do what it takes to come into compliance with the rule; the Fed can grant more time if it sees fit in certain cases.
Under the rule, banks will have to do away with their proprietary trading operations. Their ability to invest in or sponsor hedge funds is also strictly limited; the Dodd-Frank law allows them to have only 3% of their capital tied up in such funds.
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 ...