Good Risk Governance Pays

Good Risk Governance Pays

Investment Best Practices | Risk Management | Valuation

Category Archives: Financial Crisis

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Good Players Pay For Other People’s Bad Investment Compliance

Posted in Compliance, Financial Crisis, Governance, Investment Management, Municipal Bonds, Pension, Regulation
Much to my chagrin, I am told that it is my responsibility to pay for the removal of my neighbor’s tree after it fell in my backyard. Never mind that the tree is old and was left untended for many years until a bad storm destroyed its ability to stand. Ignore the fact that I… Continue Reading

Dodd-Frank, Derivatives Clearing and Risk Shifting

Posted in Compliance, Derivatives, Disclosure and Transparency, Financial Crisis, Regulation, Risk Management
With the advent of new rules and regulations, particularly one as sweeping as the Dodd Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”). there are bound to be those who alter their strategic plans as a result. At 848 pages long, this legislation has resulted in hundreds of new mandates, none of which are… Continue Reading

Big News in Muni Bond Land About Public Pensions

Posted in Disclosure and Transparency, Financial Crisis, Municipal Bonds, Mutual Funds, Pension, Regulation
No doubt yesterday’s decree that pensions can be slashed as part of a bankruptcy filing for the City of Detroit have left some persons gasping for air, wringing their hands and generally caught by surprise that contractual retirement obligations may no longer be sacrosanct. As the result of a historic decision to possibly curtail pension benefits,… Continue Reading

Investment Fraud Early Warning Signs

Posted in Compliance, Disclosure and Transparency, Financial Crisis, Hedge Fund, Liquidity, Private Equity, Risk Management
My comments on April 3 about investment fraud and risk governance struck a chord. As a co-presenter for “Going Beyond the Essential Background Checks: Accessing Crucial Information About the Management Team, Board of Directors, the Economics for the Team and the Succession of the Investment Staff,” 4th Annual Due Diligence & On-Going Monitoring of Alternative Investments Summit,… Continue Reading

Financial Crisis Inquiry Report

Posted in Financial Crisis, Risk Management
The New York Times‘ Gretchen Morgensen suggests a detailed read of the just published “Financial Crisis Inquiry Report.” In “A Bank Crisis Whodunit, With Laughs and Tears” (January 29, 2011), she writes that fears of a financial institution being too big to fail in the future are not to be ignored. To the contrary, she… Continue Reading

Wall Street and Hollywood Converge

Posted in Financial Crisis
According to “Casting The Crash: If the 2008 economic meltdown were a movie” by Rachel Wolff (Business Week, January 27, 2011), Main Street may soon get a front row seat to watch movie stars recreate headlines of the last several years. Besides Wall Street: Money Never Sleeps with Michael Douglas, Inside Job and The Flaw… Continue Reading