Saturday, 25 October 2014
Last updated 1 day ago
Sep 25 2013 | 12:16pm ET
A specter is once again haunting the hedge funds of England—the specter of systemic importance.
At its first meeting under new Bank of England Governor Mark Carney, the U.K. central bank's Financial Policy Committee set its sights on the hedge fund industry, calling it a potential source of instability.
The committee said it doesn't know enough about how problems at hedge funds could weigh on their counterparties and institutional investors, and that the BoE and Financial Conduct Authority had joined forces to collect more information about the industry and put together "a more complete assessment of risks to financial stability."
The statement is something of a volte-face for British regulators, which in the past have downplayed the risk the financial system posed by hedge funds.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.