Wednesday, 6 May 2015
Last updated 17 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…