June 01, 2010
More institutional mispricing
To quickly note another example of deliberate mispricing by a trader in a financial institution: the FT reports that the Hong Kong Securities and Futures Commission has just fined Merrill Lynch $450,000 after a managing director based in HK deliberately...
Posted at 07:00 PM
May 27, 2010
Industry Assets
The FT reports today that a new survey of hedge fund administrators conducted by HFM Week estimates total industry assets at $2.7 trillion - higher than many had estimated and suggestive of a strong recovery by the industry. As one...
Posted at 07:00 PM
May 17, 2010
Transparency versus Due Diligence
We are, we have to admit, quite ready to highlight some of the weaknesses, inconsistencies and challenges that can face the hedge fund investor. However, we also come across plenty of information which reminds us that the regulated, "grown up"...
Posted at 07:00 PM
May 16, 2010
High Frequency Crashes
Perhaps one of the more important lessons of the May 6 "flash crash" is that, 10 days later, we seem to be not much further forward in understanding what caused it. Initially blamed on a "fat finger" trade by a...
Posted at 07:00 PM
