Tuesday, 21 October 2014
Last updated 9 hours ago
Apr 9 2013 | 9:28am ET
The U.S. Senate yesterday unanimously confirmed former federal prosecutor Mary Jo White as chairman of the Securities and Exchange Commission.
White was approved to serve out the remainder of Mary Schapiro's term, which expires in 2014. Schapiro left the SEC in December and was replaced, on an interim basis, by Elisse Walter.
White spent nearly a decade leading the U.S. Attorney's Office in Manhattan. Sine then, she's worked at law firm Debevoise & Plimpton.
White was expected to start work today and could make her public debut tomorrow during an SEC hearing. While her appointment appears designed to indicate the Barack Obama administration's plans to get tough on white-collar crime, White isn't expected to speed up the rule-making process, which is still working to implement a number of new regulations mandated by the Dodd-Frank law and last year's JOBS Act.
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 ...