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Of course, neither man has been implicated in the fund debacle.
As to the possibility that the combination of hedge fund debacle and his health problems might cause him to step down, Mr. Cayne, energized by the China deal, was typically blunt: don't count on it.
Lack of leverage following last year's hedge fund debacle exacerbated this summer's swap-spread blowout.
But this is no Long Term Capital Management, the most memorable hedge fund debacle of recent times.
Bill Fincher assumed the task of investigating the pension fund debacle and promoting MMAR's side of the story to anyone who'd listen.
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Perhaps the biggest risk of all remains a very human emotion: panic, which can cause markets to seize up completely because they are insufficiently liquid, as nearly happened during the LTCM hedge-fund debacle in 1998.Those wobbles in financial markets have led to a boom in derivatives (meaning financial contracts—such as futures, options and swaps derived from the prices of other securities).
So, clearly, there is more to this abstinence-only funding debacle than the "Obey being Obey" excuse being offered up by many of the insiders.
Published in January when the arts funding cuts debacle was in full swing, McMaster's review was received politely and welcomed for its perceived departure from a funding system reliant on the loathed tick-box culture.
Despite months of talks, House and Senate negotiators last month failed to reach a deal to continue FAA funding, a debacle that left 4,000 FAA employees furloughed and 70,000 construction workers without work for nearly two weeks.
But the drawback of this approach is now manifest: no one, it appears, from the chief actuary down, fully understood the risks to which Equitable's with-profits fund was exposed.The debacle at Equitable Life also poses questions about the adequacy of regulation, some of which were raised by MPs this week.
And the reason that was so important is because of the incredible role that hedge funds, and CDO managers that are hedge fund-like and sometimes joined with hedge funds, played in this debacle.
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CEO of Professional Science Editing for Scientists @ prosciediting.com