Friday, 24 October 2014
Last updated 38 min ago
Sep 22 2008 | 9:55am ET
From New York to London to Sydney, Australia, hedge funds are unhappy with new short-selling restrictions. But one group of hedge fund managers doesn’t plan to take the new measures lying down.
A group of some of the world’s biggest hedge funds may sue Britain’s Financial Services Authority, which on Thursday became the first regulator to bar short-selling of some securities, in an effort to recoup millions of pounds in losses, The Telegraph reports. The unidentified market players are accusing the FSA of “wide-spread capital destruction” in pursuance of a cheap political stunt.
According to the Telegraph, some 35% of European hedge funds are being forced to scramble to survive in the wake of the FSA’s new short-selling restrictions. The British regulator’s move was quickly followed by similar moves in the United States and Australia.
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…
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 ...