Book: Enterprise Risk Management: From Incentives to Controls
Author: James Lam
ISBN: 978-1-118-41361-6
Regulation drives behavior, and nothing shaped credit markets like the Basel Committee’s capital rules. In 1988, Basel I required an 8% capital charge against risk-weighted assets. U.S. Treasuries got 0% weight. Corporate loans got 100%. Simple, global, and deeply flawed.
Book: Structured Finance and Collateralized Debt Obligations | Author: Janet M. Tavakoli | Publisher: John Wiley & Sons (2008) | ISBN: 978-0-470-44344-6
Chapter 10 of Scharfman’s book is one of the most practical chapters so far. Instead of explaining rules or regulations, it focuses on six real mistakes hedge funds make with their compliance programs. Let me walk you through all six.
Chapter 7 of “The Hedge Fund Book” by Richard C. Wilson gets into the big leagues. We’re talking about hedge funds managing $1 billion or more. What do they do differently? Why do they keep getting bigger while most small funds stay small? Wilson lays out ten best practices from giant funds and brings in two interviews to back it up.