Thursday, 28 August 2014
Last updated 14 hours ago
Feb 19 2013 | 9:02am ET
The head of the Commodity Futures Trading Commission is concerned that banks may be helping hedge funds skirt new clearing rules designed to reduce market risk.
Chairman Gary Gensler made his worries clear in prepared testimony for a congressional hearing on the Dodd-Frank financial regulation reform law. The rule, requiring trades to be guaranteed at central clearinghouses, is to go into effect next month. But Gensler said U.S. banks may be helping U.S.-based but offshore-domiciled funds to avoid that requirement by routing trades to overseas offices.
"The CFTC is working to ensure that this idea does not prevail and develop into a practice that leaves the American public at risk," Gensler said.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...