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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German Chancellor Angela Merkel will go to Paris on Friday to discuss issues confronting Europe, French President Emmanuel Macron's office said. Macron is pressing for action on proposals from France and Germany to reform the EU. Reuters (17 Jan.)
Two Federal Reserve officials have publicly disagreed on whether the US economy is so hot it needs to be cooled off by higher interest rates. Federal Reserve Bank of Dallas President Robert Kaplan said that he is concerned about the economy overheating and that the central bank should raise rates three times this year, while Federal Reserve Bank of Chicago President Charles Evans said that he isn't troubled by asset valuations and that fewer than three rate increases are "probably appropriate." Reuters (17 Jan.)
French President Emmanuel Macron has appointed Sylvie Goulard, a former EU lawmaker who once served as French defense minister, as deputy governor of the central bank. The appointment of a politician is a departure from the tradition of selecting someone from civil service. Reuters (17 Jan.)
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