A Big Problem
Don Schreiber is running at least three businesses, but that doesn't stop him from closely monitoring how the markets affect clients. Asked whether the unfolding subprime...
Soon after Russia's debt default and ruble devaluation in 1998, I had a talk with a money manager with expertise in emerging markets. Professionals know...
Hedge Funds: Still Risky Business
Despite Amaranth's $6-billion one-week loss in September, the largest in hedge fund history, industry sources agree that the effect was little more than a blip. The fund did not default on any of its counterparty obligations, and the impact on global financial systems was essentially negligible. However, the sheer size...
Maymin: Can Campaign and Manage Funds Too
GREENWICH, Conn. (HedgeWorld.com)--Maymin Capital Management LLC is a father and son hedge fund management firm. The father is Zak Maymin, who came to the United States with his family from Russia (then still part of the Soviet Union) in 1980. "He got his Ph.D. in math from the Massachusetts Institute...
Financial engineering is entering middle age, but its impact on investing is only just beginning. That's good news for those who embrace the expanding array of...
Bernanke: Counterparty Risk Management Suits Hedge Funds Fine
SEA ISLAND, Ga. (HedgeWorld.com)--Market oversight of hedge funds has limited the spread of systemic risk, and a regulatory database of hedge fund positions to gauge market risk is both unnecessary and unrealistic, Benjamin Bernanke said in his first public comments on hedge funds since taking over as chairman of the...
No New Hedge Fund Regs, For Now
Legislators prefer private sector discipline
Spectre of LTCM Prompts Liquidation Studies
LONDON (HedgeWorld.com)--The liquidation of Long-Term Capital Management after the Russian government defaulted on its rouble-denominated debt is a chilling reminder for any hedge fund investor of what can happen when a bold strategy goes catastrophically wrong. It is thus unsurprising that a whole body of literature is emerging to analyse...
The Chilling Effect of Rumors
This year marks the seventh anni-versary of the Long-Term Capital Management meltdown, but the shadow cast by the collapse of the highly leveraged bond hedge...
IMF Sees Vigilance by Brokerages and Hedge Fund Investors as Best Defense
NEW YORK (HedgeWorld.com)--Excessive leverage by hedge funds could threaten the world financial system ? la the Long-Term Capital Management affair, but more regulation is not necessarily the right approach, said International Monetary Fund official Hung Q. Tran. He was speaking last week at a panel organized by 100 Women in...