He said president Obama was not talking of a full-scale break-up of the banks but wanted to "separate retail deposit-taking from large-scale proprietary trading, large internal hedge funds and large internal private equity funds and I agree with him".
Hicks is fight back- after being ordered to comply with a subpoena from the Banking Commission, Southridge then appealed to the Connecticut Supreme Court but Pitken eventually won the right to review the funds internal records.
FORBES: Southridge Hedgie Hicks Shrugs Off Regulators Investor Fraud Suits
So he advises clients, gratis, on setting up internal corporate venture capital funds, hoping to get a return on that investment of time, with paid assignments later.
Increasing dependence on research funds distorts internal priorities, he says.
They were lent to the federal government and spent on other government programs, from foreign aid to bridges to nowhere, with the Social Security trust funds receiving only internal federal IOUs promising to pay the money back when it is needed to pay benefits.
FORBES: Social Security Personal Accounts Are A Path To Prosperity
For investors such as pension funds, buying a stake in a listed entity may appeal if their internal rules stop them investing directly in private-equity or hedge funds.
ECONOMIST: A battle is on for the spoils as secretive funds go public
There was concern about The Gambia's preparedness after funds from the United Nations to fix the customs and internal revenue computer systems were delayed.
Mutual funds squeezed in an insurance package, they are overly expensive because of high internal fees.
Finally, investing in hedge funds can pose operational risk: risk of investment loss from inadequate or failed internal processes, people and systems, or problems with external service providers rather than an unsuccessful investment strategy.
Regarding how MF Global treated customer funds, the subcommittee will focus on whether the rating companies looked into the futures firm's internal processes and systems.
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