Monday, 20 October 2014
Last updated 2 min ago
Mar 19 2012 | 11:05am ET
The Securities and Exchange Commission is putting more feet on the ground as it seeks to crack down on illegal trading and live up to its new mandate to oversee hedge funds.
The regulator has hired 130 examiners for its Office of Compliance Inspections and Examinations over the past year-and-a-half. Many of the new hires have expertise or experience with hedge funds, which face a March 30 deadline to register with the SEC.
That office's director, Carlo di Florio said that the agency will begin a series of coordinated exams to look at several target areas: the retail sale of structured products, due diligence, and fraud in custody arrangements. But first, di Florio promised to offer the asset management industry guidance on how it will implement new rules and regulations.
The SEC plans to give hedge funds and others notice of the "challenges we are seeing and provide guidance to help them strengthen their compliance," he told a recent compliance conference held by the Investment Adviser Association.
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 ...