How else to explain the disappointments of companies that once dominated their business and seemed to have everything growing markets, massive investable funds, proprietary technologies, best-known brands, leadership in their channels?
Hedge funds, proprietary trading desks, Appalachian coal producers, Indonesian copper miners and Argentine farmers are all long China.
State and local governments use three broad categories of funds: governmental funds, proprietary funds and fiduciary funds.
In its letter to the SEC, the ICI said stiffer disclosure rules would hurt investors by facilitating practices such as "front-running --for example, buying stocks that front-running --for building a position in, thus driving up the price--and "piggybacking" on front-running --forresearch.
Mr. Obama had said, "Banks will no longer be allowed to own, invest or sponsor hedge funds, private equity funds or proprietary trading operations for their own profit, unrelated to serving their customers".
last week includes a rule prohibiting commercial banks from owning or investing in hedge funds, private equity funds or proprietary trading operations.
Last month, President Obama recommended that Congress implement the 'Volcker Rule,' as the reform measure is known, which would prohibit commercial banks from owning or investing in hedge funds, private equity funds or "proprietary trading" operations.
We do not yet know who these speculators are, but hedge fund and proprietary trading desks on Wall Street are undoubtedly among them.
"We need to find some way of preventing commercial banks taking the benefits of protection from the [Bank of England] and using that to fund risky proprietary trading".
Although it is classic hedge fund territory, proprietary traders at banks — currently under notice from President Barack Obama in his attempt to limit banks' risk-taking activities — have been major proponents.
At T. Rowe Price, the fund uses proprietary software to screen data bases for about 15 technical characteristics, like steady earnings growth and return on equity over one, three and five years.
