by GRMAAnalyst | Feb 26, 2019 | Uncategorized
On October 13, 2016, the US Securities and Exchange Commission (SEC) approved new and comprehensive rules to address liquidity risks for mutual funds. In addition, the SEC adopted new mutual fund reporting rules and an optional “swing pricing” rule. Key elements of...
by GRMAAnalyst | Feb 26, 2019 | Uncategorized
Highly liquid, moderately liquid, less liquid, and illiquid. Classifying securities in one of those four buckets for the first time under the US Securities and Exchange Commission’s new liquidity rule will force compliance and risk managers at US mutual funds and...
by GRMAAnalyst | Feb 26, 2019 | Uncategorized
GRMA Principal, Sam Won comments on Cohen’s hedge fund launch/comeback in Business Insider. Steve Cohen, the billionaire who ran one of Wall Street’s most infamous hedge funds, is trying to stage a big comeback. Less than four years after his old firm pleaded guilty...
by GRMAAnalyst | Feb 26, 2019 | Uncategorized
In the proverbial ‘beginning’, formal risk management – which entails not only measurement and reporting of risks, but, also, prudent management and governance of risks – was primarily only practiced by a select number of large global investment banks, such as JP...
by GRMAAnalyst | Feb 26, 2019 | Uncategorized
Transparency in business bestows an aura of credibility and fidelity, whereas a lack of it breeds suspicion and lingering doubt – a notion the private equity (PE) industry is, or should be, well aware of. To be sure, the PE industry, composed as it is of a multitude...
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