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To: BUSINESS EDITORS
Contact: James Hoard of the Federal Reserve Bank of Dallas, +1- 214-922-5307, james.hoard@dal.frb.org
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DALLAS (HedgeWorld.com) - Monthly money flows into - or out of - hedge funds are considerably less volatile than monthly profits and losses, and that fact tells us something important about the industry: Its investors have their eye on the long haul.
In its August economic letter, the Federal Reserve Bank of Dallas discussed the hedge fund industry and its relationship with banks. The letter, written by Jeffrey W. Gunther and Anna Zhang, said that banks have been moving for two decades into a new business model to which hedge funds are integral. In moving risks out of the banking system, banks both originate and sell securities backed by pools of loans and other debt instruments - the "originate-to-distribute" model - with hedge funds as their counterparties.
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To: BUSINESS EDITORS
Contact: James Hoard of Federal Reserve Bank of Dallas, +1-214- 922-5307, james.hoard@dal.frb.org
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Appeal From: N.D.Tex.
AFFIRMED.
* Fed.R.App.P. 34(a); 5th Cir.R. 34.2
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To: BUSINESS EDITORS
Contact: James Hoard of Federal Reserve Bank of Dallas, +1-214- 922-5307, or james.hoard@dal.frb.org
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A change in the organization and focus of the Research Department at the Federal Reserve Bank of Dallas has been announced by Dallas Fed President Ric...
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To: BUSINESS EDITORS
Contact: James Hoard of Federal Reserve Bank of Dallas, +1-214- 922-5307, james.hoard@dal.frb.org
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The nation's economic crisis is more serious "than anybody ever dreamed" and is going to get worse, a former Federal Reserve policy- maker said Tuesday in Milwaukee.
Robert D. McTeer, who was president of the Federal Reserve Bank of Dallas for 14 years and a member of the Fed's Open Market Committee, said the nation probably has been in a recession all year even though it hasn't met the definition by officially recording two consecutive quarters of negative Gross Domestic Product.
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To: BUSINESS EDITORS
Contact: James Hoard of the Federal Reserve Bank of Dallas, +1- 214-922-5307, james.hoard@dal.frb.org
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To: BUSINESS EDITORS
Contact: James Hoard of Federal Reserve Bank of Dallas, +1-214- 922-5307, james.hoard@dal.frb.org