Hedge Fund Leverage. Too much or too little?   Every time there is a hedge fund crisis the subject of leverage comes up. But how does one define leverage in a hedge fund? Is it the same definition you would use for a proprietary trading desk being allocated risk?   Let’s deal with fixed income

It is time for central banks to back away. Not from raising or cutting rates. It is time for them to extricate themselves from any activities that might distort market prices. It is time for governments to back away. The economic purpose of government should be to provide frameworks and systemic infrastructure, and to only

Its the beginning of the 4th quarter and the 3rd quarter performance results and commentaries from the hedge fund managers are coming in thick and fast. A common thread runs through most of them. Risky assets are over-valued.

The Morgan Stanley Hedge Fund Forum 2009 was very interesting this year.