Feb 12

Past Event

Living on the Hedge: A Forum on the Private Investment Fund Industry

Event Materials

Video

Highlights

  • Glenn Hutchins

    Hutchins says the hedge fund industry is clearly an important part of the solution to the problems that we have in our country today.

  • Senator Jack Reed (D-R.I.)

    Senator Reed says that while hedge funds have made considerable contributions to capital markets, more oversight is needed.

  • William Ackman

    Ackman says there are many misconceptions about the hedge fund industry and that these institutions are critical to our capital markets.

  • Peyton Young

    Young says it would be in the best interest of the hedge fund industry to promote greater transparency.

    H. Peyton Young

  • James Chanos

    Chanos says the industry doesn''t need more regulation; it needs smarter and better regulation.

  • Robert Greifeld

    Greifeld says it''s critical that we leverage the assets we have within the current regulatory framework.

Audio

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Summary

Wall Street hedge funds and their larger-than-life managers have captured Main Street’s imagination, as well as investor dollars. On February 12, the Brookings Institution hosted a forum to explore the role of hedge funds in the ongoing financial crisis, as well as their uncertain future in the evolving regulatory environment.

Glenn Hutchins, Brookings trustee and co-chief executive of Silver Lake, provided welcoming remarks. Senator Jack Reed, member of the Senate Banking, Housing, and Urban Affairs Committee and chairman of the Subcommittee on Securities, Insurance, and Investment, offered introductory remarks. Robert Greifeld, CEO of the NASDAQ OMX Group, offered the keynote address. Brookings Senior Fellow Martin Baily moderated a discussion on the hedge fund industry, and Brookings Senior Fellow H. Peyton Young gave a presentation on the importance of transparency.

at Tokyo Club Meeting
James Chanos, Glenn Hutchins and Sebastian Mallaby at forum.

Event Agenda

  • 8:30 -- Welcome

    • Glenn Hutchins

      Co-Chief Executive, Silver Lake

      Trustee, The Brookings Institution

  • 8:35 -- Introductory Remarks

    • The Honorable Jack Reed (D-RI)

      United States Senate

  • 9:05 -- The Evolution of the Hedge Fund Industry

    • Moderator: <a href="http://www.brookings.edu/experts/bailym.aspx">Martin Baily</a>

      Senior Fellow and Director, Initiative on Business and Public Policy, The Brookings Institution

    • William Ackman

      President, Pershing Square Capital Management

    • James J. Angel

      Associate Professor of Finance, McDonough School of Business, Georgetown University

  • 10:35 -- Presentation: Why Transparency Matters

  • 10:55 -- The Emerging Regulatory Environment Facing Hedge Funds

    • Moderator: Sebastian Mallaby

      Paul A. Volcker Senior Fellow for International Economics and Director, Maurice R. Greenberg Center for Geoeconomic Studies, Council on Foreign Relations

      Columnist, Washington Post

    • James Chanos

      President, Kynikos Associates

      President, Coalition of Private Investment Companies

    • Andrew W. Lo

      Harris & Harris Group Professor, Sloan School of Management, Massachusetts Institute of Technology

    • Glenn Hutchins

      Co-Chief Executive, Silver Lake

      Trustee, The Brookings Institution

  • 12:15 -- Keynote Address

    • Robert Greifeld

      Chief Executive Officer, NASDAQ OMX Group

Details

February 12, 2009

8:30 AM - 12:45 PM EST

The Brookings Institution

Falk Auditorium

1775 Massachusetts Ave., NW

Map

For More Information

Brookings Office of Communications

(202) 797-6105