As a 91 yr-old with over 70 years of experience in the Securities Markets__15 of those years as a Registered Broker__I have witnessed countless examples of inept actions by Big Govt. "Hedge Fund" connotes dodgy transac- tions in the view of most. And yet the basic strategy's been used with commodities, insurance and debt securities for 100's of years to REDUCE "risk". Competent "risk analysis" is very rare__especially in Big Govt.
Walter Davis Comment On Regulatory Notice 22-08
As a 91 yr-old with over 70 years of experience in the Securities Markets__15 of those years as a Registered Broker__I have witnessed countless examples of inept actions by Big Govt. "Hedge Fund" connotes dodgy transac- tions in the view of most. And yet the basic strategy's been used with commodities, insurance and debt securities for 100's of years to REDUCE "risk". Competent "risk analysis" is very rare__especially in Big Govt.