Treasury to SEC: You’re Flying Blind on the $4.1 Trillion Hedge Fund Risks - Aug 4, 2015

OFR Reports That U.S. Hedge Funds Hold $4.1 Trillion in Leveraged Assets, One Third of All Financial Industry Assets

 

 

The Dodd-Frank financial reform legislation just celebrated its fifth anniversary on July 21 and the gaping holes it left in the promise to protect our Nation from another systemic financial crash are becoming clearer every day. No other agency has done more to highlight these growing risks than the Office of Financial Research (OFR), created under Dodd-Frank as a unit of the U.S. Treasury. In its most recent report, it provides the stunning news that private hedge funds in the U.S. now control one-third of all assets under management in the financial services industry – a stunning $4.1 trillion when leverage is included.........

Read Story: http://wallstreetonparade.com/2015/08/treasury-to-sec-youre-flying-blind-on-the-4-1-trillion-hedge-fund-risks/