Views on the integrity of global capital markets
The taint of insider trading threatens to derail investor trust in hedge funds and other alternative strategies. Is it time for a new level of self-examination by hedge fund bosses around compensation systems, ethical codes, and the culture of the firm itself? Read more
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CFA Institute and the Pew Charitable Trusts join forces with former FDIC Chair Sheila Bair to launch the Systemic Risk Council (SRC). The SRC brings together experts in investments, financial markets regulation, policy making, and academia to offer seasoned opinions on the structuring of proper systemic risk oversight. Read more
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Renowned Yale economist and best-selling author Robert J. Shiller recently issued a simple but important call for college graduates headed for careers in finance: “… never lose sight of the purposes and overriding social goals of finance.”
3 Comments The unfolding scandal in Tokyo involving pension investment management firm AIJ Investment Advisors Co. is depressingly predictable. Details are still emerging, but it appears that some $2.3 billion of client assets are unaccounted for. The pity is that it really doesn’t have to be this way. Read more
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Rummaging through my desk the other day, I found a set of little carved monkeys I’d picked up at a Hong Kong flea market years ago. They were the “see no evil, speak no evil, hear no evil” trio from … Read more
3 Comments Monday marked the release of Peter Schweizer’s new book, Throw Them All Out, a non-fiction tale about the skullduggery of a group of well-connected insiders who used their positions and clout to obtain non-public information about imminent market moves. But … Read more
Leave a Comment What’s going on with the spontaneous move to occupy major financial centers? Is this the last gasp of disgust over the global financial crisis of 2008-09, or is it the first shot in a whole new war against finance? There’s … Read more
11 CommentsI was in Zurich last week at the GIPS Executive Committee meetings where I was able to participate in several days of interesting and fruitful discussions. As an active observer, it struck me how the GIPS standards have reached all … Read more
Leave a CommentI recently completed a very educational and encouraging round of meetings in the various markets in which CFA Institute has local membership groups, or “societies.” What I’ve heard and experienced over the two-month-long process is remarkable in terms of its … Read more
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