Quant Congress USA: SEC using models to look for the next Madoff
Four recent enforcement actions in the hedge fund space by the US Securities and Exchange Commission (SEC) are the result of warnings generated by a new quantitative model – indicating that a decision to invest in economic analysis is paying off, the agency's chief economist has said.
Speaking at the Quant Congress USA conference in New York this morning, Craig Lewis, chief economist and director of the division of risk, strategy and financial innovation at the SEC, described how the revelation
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