Simon Lack, CFA, is a widely quoted investment manager whose book The Hedge Fund Mirage has gotten a lot of attention for its critique of high hedge fund fees, lays out some of the history of hedge funds and how investors have used them historically.
Robert Stammers, CFA, is director of Investor Engagement for CFA Institute and is responsible for increasing the use and distribution of Future of Finance and CFA Institute content by various audiences. Prior to joining CFA Institute, Stammers was the principal for his founded company where he consulted for real estate owners, lenders, and syndicators to develop and analyze structured real estate investments. There he devised strategy for obtaining debt and preferred equity capital and created finance-related marketing materials and research papers for various clients. Stammers has authored over 100 articles on various financial and investment topics for such investment periodicals as Forbes and Investopedia. He served as a senior equity analyst, where he was responsible for the creation of new investment tools and instructional products to provide the revenues for two new investment education companies. As a senior executive for several institutional fund managers, Stammers was the portfolio manager for a $1 billion enhanced real estate fund, a $1.2 billion private timber fund, and several pension fund separate accounts.
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The Financial Conduct Authority's Nausicaa Delfas said the UK and the EU must create derivatives contractual certainty after Brexit "either through an implementation period or by some other means." Delfas said, "This is an example of a situation where both sides could take unilateral approaches to dealing with the risk, but where a bilateral solution with the EU would be preferable." Futures & Options World (subscription required) (19 Jul.)
Securities and Exchange Commission Chairman Jay Clayton has instructed his staff to review whether there are opportunities to "enhance the framework for oversight" of electronic platforms that trade bonds. The action came after Democratic commissioners called for disclosure of potential conflicts of interest by those platforms. MLex (subscription required) (19 Jul.)
UK Prime Minister Theresa May is urging the EU to "evolve" its position regarding the border between the Republic of Ireland and Britain's Northern Ireland after Brexit. The EU proposal "is something I will never accept, and I believe no British prime minister could ever accept," she is expected to say in a speech scheduled for Friday. The Guardian (London) (19 Jul.)
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