Hedge fund lobby group CEO to step down The chief executive of hedge fund lobby the Alternative Investment Management Association, Andrew Baker, will step down at the end of 2013, AIMA said on Wednesday. Baker, who has been in the job since ...
June 12, 2013 - Reuters via Yahoo! Finance
Rival hedge funds hope to feast on SAC Capital redemptions A long list of rival hedge funds is eager to tap the billions in outside money that Steven A. Cohen's SAC Capital Advisors is expected to return to investors by year-end. Large hedge-fund firms structured ...
June 12, 2013 - Reuters via Yahoo! Finance
John McCain in Politico The primary regulator of Wall Street, the Securities and Exchange Commission (SEC), kept in place trading rules that let speculators and hedge funds turn our markets into a casino,McCain says in prepared remarks. "They allowed naked short...
Ben Bernanke in Globe and Mail AIG exploited a huge gap in the regulatory system, there was no oversight of the financial products division,Mr. Bernanke said. "This was a hedge fund basically that was attached to a large and stable insurance company."
Angela Merkel in TIME All financial markets, products and participants including hedge funds and other private pools of capital which may pose a systematic risk must be subjected to appropriate oversight or regulation,Merkel said in a summit statement. "A clear...