CFTC Chair Timothy Massad Addresses MFA Conference

Commodity Futures Trading Commission Chair Timothy Massad addressed attendees at MFA’s annual Outlook Conference. During his remarks, Chair Massad provided an update on the latest regulations impacting markets, including the latest on margin for uncleared swaps, capital requirements for swap dealers and major swap participants, automated trading, fine-tuning rules to improve trading, and the FSOC asset management project.

 Timothy Massad Addresses MFA Conference

By Managed Funds Association

Seth Klarman: Investors Can No Longer Rely On Mean Reversion

Volatility"For most of the last century," Seth Klarman noted in his second-quarter letter to Baupost's investors, "a reasonable approach to assessing a company's future prospects was to expect mean reversion." He went on to explain that fluctuations in business performance were largely cyclical, and investors could profit from this buying low and selling high. Also Read More