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Beneath the ugly face of second half 2014 lies the beauty of opportunity in 2015
trueIn our view, the coming year will resemble more the volatility of the second half of 2014 than the prolonged, virtually uni-directional (i.e., up!) market that leveraged credit investors have enjoyed over the past several years.
High-frequency traders to be regulated by FINRA
trueHigh-frequency and other proprietary traders will be overseen by the Financial Industry Regulatory Authority under a proposed rule announced by the Securities and Exchange Commission on Wednesday.
CFA Society of the U.K. members see developed markets equities as overvalued
trueDeveloped markets equities are overvalued, say a net 52% of U.K. respondents to a survey by the CFA Society.
Fed reaffirms low federal fund rates, but drops 'patient' in approach
trueThe Federal Open Market Committee is reaffirming the current zero to 0.25% target range for the federal funds rate, said a statement Wednesday at the end of a two-day meeting.
Commonfund: Investor expectations remain cautiously positive for 2015
trueInstitutional investors' expectations for 2015 remain positive, if somewhat more cautious than in prior years, with elevated outlooks for tail risks and slightly lower expectations for U.S. stocks vs. 2014, said the fifth annual Commonfund Forum Investor Outlook Survey.
Implementation extended for rules on posting margin for non-centrally cleared trades
trueGlobal requirements for collecting and posting initial margin on non-centrally cleared trades will not be implemented until September 2016 under an extension announced Wednesday.
ICE Futures U.S. pays $3 million in CFTC settlement
trueICE Futures U.S. reached a $3 million settlement with the CFTC over charges that the global futures and options exchange submitted false and incomplete reports and data to the agency for at least 20 months.
CalPERS CIO warns of lower equity returns in the future
trueCalPERS' CIO warned members of the pension fund's investment committee Monday that the six-year equity bull market that helped produce strong investment results is likely coming to an end.
Fair pricing, bubbles and crashes
trueStock returns have a fat-tailed distribution; this means that large shocks are far more likely than one might expect. A few examples illustrate why this matters to investors.
CalPERS to provide added source of contingent liquidity to derivatives clearinghouse
trueCalPERS has joined a fully committed repo facility with derivatives clearinghouse Options Clearing Corp. and securities lending agent eSecLending to provide contingency liquidity in the event of a counterparty default.
Moody's downgrades Chicago's credit rating on pension liability concerns
trueMoody's Investors Service downgraded Chicago's credit rating to Baa2 on Friday, citing concerns over the city's “highly elevated” unfunded pension liabilities.
Wider implications of oil prices
trueWith the rapid decline and ongoing volatility in oil prices, investors will already have a sense of how the parts of their portfolios directly exposed to energy have responded, but it is also important to consider the broader investment repercussions for parts of the portfolio that are indirectly ...
Active investing in an indexed world
trueWhile active management still plays a critical role in portfolios of all sizes and sophistication levels, it’s hard to ignore the reams of headlines and research notes making the case for passive.
Incoming CEO of BATS looks to expand firm through FX forwards
trueChris Concannon will be taking the reins at BATS Global Markets Inc. with an eye toward expanding the firm's trading in foreign-exchange forward contracts and possibly in precious metals.
BATS Global Markets taps president as new CEO
trueChris Concannon on Tuesday was named CEO of BATS Global Markets, effective March 31.