Tue, Jul 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Senator Dodd, regulators, managers weigh in on Dodd-Frank

Thursday, November 15, 2012

Bailey McCann, Opalesque New York:

Former Senator Christopher Dodd (D-CT), CFTC Commissioner Bart Chilton, and Guggenheim Partners Chairman Alan Schwartz, convened last night at the Bloomberg FX12 Summit to discuss Dodd-Frank and what financial markets participants might expect over the coming months as the fiscal cliff looms large. Speaking to a group of industry professionals in the opening panel, Senator Dodd voiced his unapologetic support for the law, and his vote for the TARP bailout.

"My vote on TARP – and I’ll go to my grave believing this – was the right thing to do at that moment," the Senator said. He also believes that while the implementation of Dodd-Frank is still in flux, the regulations will be a net positive for both the industry and investors. To him, the immediate focus should be on dealing with the fiscal cliff.

"The president and congress really have only a 6-8 week window to engage," he said, noting that after that point, the wiggle room provided by the election is likely to wear off , sending lawmakers and the President back to their respective corners. "The President is really, really going to have to engage on this issue," the Senator said.

His points were echoed by Schwartz who expects to see a rise in corporate and dividend tax rates in addition to the continued implementation of Dodd-Frank. "The most critical part of Dodd-Frank are the derivatives rules," Schwartz said, noting that allowin......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass