Tuesday, 21 October 2014
Last updated 7 hours ago
Jul 11 2013 | 11:28am ET
British Prime Minister David Cameron was criticized for his party's reliance on donations from hedge funds during a testy session of Prime Minister's Questions this week.
David Miliband, the leader of the opposition Labour Party, asked Cameron how much his Conservative Party had received from hedge fund managers. When the prime minister declined to answer, Miliband said that the Tories had received £25 million.
"This is a man owned by a few millionaires at the top of society and everyone knows it," Miliband said. "Here's the difference between him and me: I want party funding reform; he doesn't. I am proud that we have links with ordinary working people. He's bankrolled by a few millionaires."
Miliband's criticism follows Cameron's own of Labour's links to labor unions last week.
The Labour leader proposed a £5,000 cap on individual donations to political parties, a ploy Cameron quickly rejected.
"I don't see why the result of a trade-union scandal should be every taxpayer in the country paying for Labour," Cameron said, alleging that the difference in funding would have to be made up by the government, a charge Labour denies.
"So there we have the truth," Miliband said. "He is ducking funding reform. He doesn't want it to happen."
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 ...