Monday, 24 November 2014
Last updated 5 hours ago
May 9 2014 | 11:33am ET
A group of hedge fund managers’ faith in Fannie Mae and Freddie Mac may be rewarded, as talks on a bipartisan plan to wind the mortgage giants down have fallen apart.
A committee vote on the bill to scrap the companies and replace them with a new system of government-backed mortgage insurers was postponed last week as Sens. Tim Johnson (D-S.D.) and Mike Crapo (R-Idaho) sought to build more support for the measure. The bill is expected to pass the committee, but without a large majority on the panel, it appears unlikely that the bill would come to a vote of the full Senate.
Six Democrats on the Senate Banking Committee have yet to commit to supporting the bill.
Both parties in Congress and the White House have expressed support for replacing, rather than restructuring, Fannie and Freddie. A number of hedge funds have invested in the companies and pushed to preserve them, including Perhsing Square Capital Management and Fairholme Capital Management.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...