Monday, 20 October 2014
Last updated 4 hours ago
Mar 16 2009 | 12:52pm ET
The world’s finance ministers have agreed to push for greater hedge fund transparency as part of a broad framework for reform in the wake of the financial crisis.
The G20 treasury chiefs recommended that their bosses, the leaders of those countries, require hedge funds or hedge fund managers to register with regulators. Meeting in England this weekend, the finance minister are also calling for hedge funds to be forced to provide greater disclosure to allow market watchdogs to asses the risk they may pose to the global financial system.
The leaders of the G20 are set to meet in London on April 2.
The finance ministers’ recommendations also include leverage limitations, regulatory oversight of credit ratings agencies, better accounting standards for difficult-to-value assets and new pay and bonus standards. They also pledged to tackle the thorny issue of toxic assets.
U.S. Treasury Secretary Timothy Geithner added that he would like to see the Financial Stability Forum, until now an informal group of financial supervisors, elevated to a fully-fledged oversight group to work alongside the International Monetary Fund, World Bank and World Trade Organization.
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 ...