Hedge Funds On Capitol Hill: Citadel’s Ken Griffin Overwhelming Highlight

Top hedge fund executives testified about the financial crisis before the House Committee on Oversight and Government Reform today, summarized by the FT. The execs didn’t fight the need for regulation but warned against excessive regulation. Standard, and justified, fare for market participants. It’s always the same thing with financial regulation: you need enough regulation

Credit Default Swaps Soon To Be Exhange Traded, More Transparent

As the Lehman collapse showed us, the market for credit default swaps can wreak havoc on markets, since investment banks and hedge funds were making these markets in private. CDSs are insurance contracts on bonds and other credits that are a $62 trillion market, making it four times larger than the stock market, and utterly