Tuesday, 21 October 2014
Last updated 2 min ago
Dec 17 2013 | 10:55am ET
Mark Wetjen will take over from Commodity Futures Trading Commission Chairman Gary Gensler when Gensler steps down in the coming weeks, the regulator said yesterday.
Wetjen, who joined the CFTC in 2011, will serve as acting chairman until Timothy Massad, a former Treasury Department official, is confirmed as Gensler's permanent successor. It is unclear when the U.S. Senate will act on that nomination.
Gensler must leave office by Jan. 3.
"Mark has worked tirelessly to bring swaps-market reform to life," Gensler said.
Prior to his nomination to the CFTC, Wetjen spent seven years working for the Senate, advising Senate Majority Leader Harry Reid (D-Nev.). At the CFTC, he has played a key role implementing the Dodd-Frank financial regulation reform law.
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 ...