CFTC fines JPMorgan $100 mn over ‘London whale’ trades

CFTC fines JPMorgan $100 mn over ‘London whale’ trades (via AFP)

US regulators on Wednesday fined banking giant JPMorgan Chase $100 million for “reckless conduct” in the “London whale” trading debacle. The US Commodity Futures Trading Commission said that JPMorgan had admitted charges of manipulating trading of certain…

Nomad Investment Partnership: Keep An Eye On The Unseen Risks

Tail RiskThere are many ways to define risk. Warren Buffett has said that "risk comes from not knowing what you're doing." Q3 2020 hedge fund letters, conferences and more His mentor, Benjamin Graham, believed that risk should be measured as the chance of a permanent capital impairment of an investment. Seth Klarman also holds this view. Read More

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