Hedge Funds Leverage And The Lessons Of Long Term Capital Management Report Of The President S Working Group On Financial Markets


Hedge Funds Leverage And The Lessons Of Long Term Capital Management Report Of The President S Working Group On Financial Markets
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Hedge Funds Leverage And The Lessons Of Long Term Capital Management


Hedge Funds Leverage And The Lessons Of Long Term Capital Management
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Author : United States. President's Working Group on Financial Markets
language : en
Publisher: CreateSpace
Release Date : 1999

Hedge Funds Leverage And The Lessons Of Long Term Capital Management written by United States. President's Working Group on Financial Markets and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Hedge funds categories.


The President's Working Group on Financial Markets recommends a number of measures designed to constrain excessive leverage in the financial system. The events in global financial markets in the summer and fall of 1998 demonstrated that excessive leverage can greatly magnify the negative effects of any event or series of events on the financial system as a whole. The near collapse of Long-Term Capital Management ("LTCM"), a private sector investment firm, highlighted the possibility that problems at one financial institution could be transmitted to other institutions, and potentially pose risks to the financial system.



Hedge Funds Leverage And The Lessons Of Long Term Capital Management Report Of The President S Working Group On Financial Markets


Hedge Funds Leverage And The Lessons Of Long Term Capital Management Report Of The President S Working Group On Financial Markets
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Author : Department of the Treasury
language : en
Publisher:
Release Date : 2015-10-17

Hedge Funds Leverage And The Lessons Of Long Term Capital Management Report Of The President S Working Group On Financial Markets written by Department of the Treasury and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-17 with categories.


Dear Mr. President - We are pleased to transmit the report of the President's Working Group on Financial Markets on Hedge Funds, Leverage, and the Lessons of Long-Term Capital Management (LTCM). The principal policy issue arising out of the events surrounding the near collapse of LTCM is how to constrain excessive leverage. By increasing the chance that problems at one financial institution could be transmitted to other institutions, excessive leverage can increase the likelihood of a general breakdown in the functioning of financial markets. This issue is not limited to hedge funds; other financial institutions are often larger and more highly leveraged than most hedge funds. In view of our findings, the Working Group recommends a number of measures designed to constrain excessive leverage. These measures are designed to improve transparency in the system, enhance private sector risk management practices, develop more risk-sensitive approaches to capital adequacy, support financial contract...



The President S Working Group Study On Hedge Funds


The President S Working Group Study On Hedge Funds
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Author : United States. Congress. House. Committee on Banking and Financial Services
language : en
Publisher:
Release Date : 1999

The President S Working Group Study On Hedge Funds written by United States. Congress. House. Committee on Banking and Financial Services and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.




Hedge Funds And Systemic Risk


Hedge Funds And Systemic Risk
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Author : United States. Congress. House. Committee on Financial Services
language : en
Publisher:
Release Date : 2007

Hedge Funds And Systemic Risk written by United States. Congress. House. Committee on Financial Services and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.




Hedge Funds Financial Intermediation And Systemic Risk


Hedge Funds Financial Intermediation And Systemic Risk
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Author : John Kambhu
language : en
Publisher: DIANE Publishing
Release Date : 2008-04

Hedge Funds Financial Intermediation And Systemic Risk written by John Kambhu and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-04 with Business & Economics categories.


Hedge funds have become important players in the U.S. & global capital markets. These largely unregulated funds use: a variety of complex trading strategies & instruments, in their liberal use of leverage, in their opacity to outsiders, & in their convex compensation structure. These differences can exacerbate market failures associated with agency problems, externalities, & moral hazard. Counterparty credit risk mgmt. (CCRM) practices are the first line of defense against market disruptions with potential systemic consequences. This article examines how the unique nature of hedge funds may generate market failures that make CCRM for exposures to the funds intrinsically more difficult to manage, both for regulated institutions & for policymakers. Ill.



Hedge Fund Industry


Hedge Fund Industry
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Author : International Monetary Fund. Monetary and Capital Markets Department
language : en
Publisher: International Monetary Fund
Release Date : 2004-10-21

Hedge Fund Industry written by International Monetary Fund. Monetary and Capital Markets Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-10-21 with Business & Economics categories.


This paper analyzes developments in the hedge fund industry. The significant growth of hedge funds, driven by institutional investors, has heightened the desire by the official sector to better understand hedge funds and their activities. The paper examines how one may achieve a better understanding of hedge funds and their market activities, particularly for financial stability considerations. The paper reviews and updates developments in the hedge-fund industry since the previous IMF study in 1998, and considers what progress has been made to satisfy various recommendations and proposals from that time.



The New Finance


The New Finance
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Author : Franklin R. Edwards
language : en
Publisher: American Enterprise Institute
Release Date : 1996

The New Finance written by Franklin R. Edwards and has been published by American Enterprise Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.


Dramatic changes in information and telecommunications technologies have transformed U.S. financial markets in the 1980s and 1990s. This book examines the growth of mutual funds and derivatives markets and the decline of banks and explores implications of those developments for financial stability and regulatory policy. One of the book's central conclusions is that the current system of bank regulation is out of step with today's financial realities and needs to be substantially changed. Franklin Edwards asserts that the best way to increase the freedom of financial institutions to compete while making the financial system less vulnerable to excessive risk-taking by individual financial institutions is to adopt a system of collateralized banking. He shows how adopting such a system will result in a more stable financial system, both by reducing our reliance on government to maintain financial soundness and by enhancing the effectiveness of private markets in controlling institutional risk taking.



Recommendations By The President S Working Group On Financial Markets


Recommendations By The President S Working Group On Financial Markets
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Author : United States. Congress. House. Committee on Banking and Financial Services
language : en
Publisher:
Release Date : 2000

Recommendations By The President S Working Group On Financial Markets written by United States. Congress. House. Committee on Banking and Financial Services and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Derivative securities categories.




Risk Takers


Risk Takers
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Author :
language : en
Publisher: Walter de Gruyter GmbH & Co KG
Release Date : 2018-05-07

Risk Takers written by and has been published by Walter de Gruyter GmbH & Co KG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-05-07 with Business & Economics categories.


Risk Takers: Uses and Abuses of Financial Derivatives goes to the heart of the arcane and largely misunderstood world of derivative finance and makes it accessible to everyone—even novice readers. Marthinsen takes us behind the scenes, into the back alleyways of corporate finance and derivative trading, to provide a bird’s-eye view of the most shocking financial disasters of the past quarter century. The book draws on real-life stories to explain how financial derivatives can be used to create or to destroy value. In an approachable, non-technical manner, Marthinsen brings these financial derivatives situations to life, fully exploring the context of each event, evaluating their outcomes, and bridging the gap between theory and practice.



Us Hedge Investment Funds Handbook Volume 1 Strategic Information And Regulations


Us Hedge Investment Funds Handbook Volume 1 Strategic Information And Regulations
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Author : IBP USA
language : en
Publisher: Lulu.com
Release Date : 2009-03-20

Us Hedge Investment Funds Handbook Volume 1 Strategic Information And Regulations written by IBP USA and has been published by Lulu.com this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-03-20 with Business & Economics categories.


2011 Updated Reprint. Updated Annually. Hedge Investment Funds Handbook