Saturday, 25 October 2014
Last updated 1 day ago
Nov 17 2011 | 11:55am ET
The former head of the Hedge Fund Standards Board has stepped down from his top post at the International Monetary Fund.
Antonio Borges resigned as head of the IMF's European department for personal reasons, the fund said. But his exit, after just a year, comes a month after Borges voiced—and quickly retracted—a suggestion that the IMF buy up sovereign debt on the private market as a way to ease the Eurozone debt crisis.
Borges who, according to IMF chief Christine Lagarde, "led the European department during an extremely difficult period for the region's Eurozone members," named Reza Moghadam to succeed him. Moghadam is currently director of strategy, policy and review for the IMF.
Borges was the first chairman of the HFSB, Europe's voluntary industry watchdog, leading the group for two years.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.