Sunday, 21 September 2014
Last updated 1 day ago
May 23 2014 | 12:42pm ET
The U.S. Treasury Department says that hedge funds are overreacting to the possibility that some might be deemed systemically important. The head of the Securities and Exchange Commission isn’t so sure.
Mary Jo White told a mutual-fund conference in Washington yesterday that she doesn’t “think you’re overreacting to the process. The issues here are enormously important, I mean, on every side.”
White’s words come as the Financial Stability Oversight Council mulls whether any non-bank or insurance financial institutions should be designated systemically important. Such a finding would put them under the oversight of the Federal Reserve.
Earlier this week, the Treasury’s Mary Miller said there has been “a bit of an overreaction” on the part of asset managers, and that it is “certainly an option” that none will be designated.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.