Wednesday, 22 October 2014
Last updated 7 hours ago
Feb 29 2012 | 4:36am ET
The world's most populous country—and its second-largest economy—may be the next big market for the world's hedge funds.
China plans to allow foreign hedge funds to set up yuan-denominated products in the People's Republic and to raise capital there, the South China Morning Post reports. The decision, in principle, only, so far, was relayed to the Shanghai Municipal Office of Finance Service.
There will remain major restrictions on what foreign hedge funds can do in China. All will have to be registered in Shanghai, and while they can raise money in the mainland, they will not be permitted to invest in mainland markets.
It is unclear when foreign hedge funds will be able to begin launching Chinese funds.
China already allows foreign firms to set up private equity funds in the country. Those funds have an opposite restriction to that to be imposed on the hedge funds: They must invest exclusively in mainland China.
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…
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 ...