Tag: Banker

Hedge Funds Reject Central Banker Criticism on Volatility

Hedge funds are pushing back against the regulators who blame them for stoking extraordinary market volatility in March when the pandemic hit.

The Washington-based Managed Funds Association says its members lack the firepower to disrupt the $20 trillion U.S. Treasuries market, as executives at the Bank of England and Bank for International Settlements have said.

The lobby, whose members manage about $1.6 trillion of assets, funded research by Harvard Business School Professor Marco di Maggio that points the finger at foreign institutions as big sellers of Treasuries. And the part of the Treasury market that the funds tended to trade — the cheapest-to-deliver bonds — didn’t suffer the same upheaval, Di Maggio wrote.

“Aggregate Treasury positions held by hedge funds were far too small to be the main cause of the disruptions,” Di Maggio wrote.

Read more: Before Fed acted, leverage burned hedge funds in Treasury market

In contrast, the

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Czech Central Banker Finds Comfort in Inflation as Virus Soars

(Bloomberg) — As central banks around the world expand their help to economies hit by the coronavirus pandemic, Czech policy makers can sit tight and let inflation do its work.

After cutting interest rates the most in the European Union this year, the Czech central bank is probably done with easing, Deputy Governor Tomas Nidetzky said in an interview on Monday. It should keep the benchmark at 0.25% for at least a year before considering raising it, he said, as resilient price growth will support a recovery from a virus-triggered recession.

While a resurgence in coronavirus cases is darkening the outlook for the export-reliant economy, the government is keeping unemployment low and propping up household spending, for now. That’s one of the reasons for inflation running above the tolerance range set by the central bank, which has signaled the next move will likely be a hike.



a screenshot of a cell phone: Stubborn Prices


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Stubborn Prices

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Banker Who Quit for Her Kid Builds Empire of 110,000 Consultants

(Bloomberg) — Eiko Hashiba left Goldman Sachs Group Inc. in Tokyo in 2002 to give birth to a child at 23.

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Having to quit to look after her baby left her wondering why there weren’t more flexible ways for women to keep working in Japan, instead of leaving the workforce after having children.

Ten years later, that question was still on her mind when she co-founded VisasQ Inc., which provides expert advice and consulting services not unlike those of McKinsey & Co. The difference? Its advisers don’t work in-house: they’re outside consultants.

“I had my baby at an early stage in my career and I wanted some kind of work I could continue no matter what,” Hashiba, VisasQ’s chief executive officer, said in an interview. VisasQ is “a service that boosts a person’s ability to work.”

VisasQ’s stock has risen 94% since listing on the Tokyo Stock Exchange

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