Wednesday, 1 October 2014
Last updated 2 hours ago
Aug 4 2014 | 9:13am ET
Former U.S. House of Representatives Majority Leader Eric Cantor resigned from Congress last week, ostensibly to give the man who defeated him in a June primary “a voice in what will be a very consequential lame-duck session.” But he may have had less altruistic reasons for quitting.
Politico reports that the Virginia Republican’s exit before the end of his term will not only give his presumptive successor, economics professor David Brat, a head start, but will give Cantor himself a head-start on the one-year period during which he is barred from lobbying and—perhaps more importantly—will relieve him of the obligation to report with whom he is talking about his future.
According to Politico, Cantor is leaning towards Wall Street over K Street and taking most seriously opportunities in banking or alternative investments. The website notes that since his shocking primary defeat, Cantor has spent most of his summer in the Hamptons, where he’s likely to have been rubbing shoulders with the financial elite.
Cantor has long been a close ally of Wall Street on Capitol Hill. His successor as majority leader, Rep. Kevin McCarthy (R-Calif.) noted that Cantor “knows financial markets well.”
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...