Practical analysis for investment professionals
02 August 2012

Swiss National Bank — Central Bank or Hedge Fund?: James Saft | Reuters

Posted In: Economics

One of my favorite journalists makes the case that the Swiss central bank is a hedge fund with a small country appended to it. In the modern era of international finance, even supposedly neutral players, like central bankers, have hedge fund-like qualities. In the U.S. the too-big-to-fail banks with their proprietary trading desks are essentially depositer funded hedge funds. When that fails, then they are insured by taxpayers.

About the Author(s)
Jason Voss, CFA

Jason Voss, CFA, tirelessly focuses on improving the ability of investors to better serve end clients. He is the author of the Foreword Reviews Business Book of the Year Finalist, The Intuitive Investor. Previously, Jason was a portfolio manager at Davis Selected Advisers, L.P., where he co-managed the Davis Appreciation and Income Fund to noteworthy returns. He holds a BA in economics and an MBA in finance and accounting from the University of Colorado.

Ethics Statement

My statement of ethics is very simple, really: I treat others as I would like to be treated. In my opinion, all systems of ethics distill to this simple statement. If you believe I have deviated from this standard, I would love to hear from you:

1 thought on “Swiss National Bank — Central Bank or Hedge Fund?: James Saft | Reuters”

  1. james saft says:

    Really chuffed I am one of your favorites! Thanks for the link.

    Drop me a line, I have a query for you.


Leave a Reply

Your email address will not be published. Required fields are marked *

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.