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.

Tags: banking, Swiss National Bank

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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 and the CEO of Active Investment Management (AIM) Consulting. Voss also sub-contracts for the well known firm, Focus Consulting Group. Previously, he was a portfolio manager at Davis Selected Advisers, L.P., where he co-managed the Davis Appreciation and Income Fund to noteworthy returns. Voss holds a BA in economics and an MBA in finance and accounting from the University of Colorado.

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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: [email protected]

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

james saft says:

2 August 2012 at 14:16

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

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

Jim

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