Monday, 20 October 2014
Last updated 6 min ago
Feb 1 2012 | 2:37am ET
Money is still missing at collapsed brokerage MF Global—but investigators now think they know what happened to it.
A Commodity Futures Trading Commission-led probe has determined what became of almost all of the customer money that disappeared as MF Global slouched towards bankruptcy last year, The New York Times reports. But authorities haven't actually recovered all of it, merely tracing the hundreds of millions of missing dollars, some of it belonging to MF Global hedge fund clients, to banks.
The CTFC isn't saying where the money wound up, as it determines the best way to try to get it back. All authorities will say is that they are making progress and have traced more than 90% of transfers.
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 ...