Hedge Fund veteran and renown blogger Rick Bookstaber is going to Washington to become a senior policy advisor in the new SEC division of Risk, Strategy, and Financial Innovation.

The New York Times reports:

“He will be a member of the S.E.C.’s Division of Risk, Strategy and Financial Innovation, along with Adam Glass, the founder of the law firm Linklater’s structured finance and derivatives practice, and Bruce Kraus, a mergers and acquisitions lawyer at Wilkie, Farr & Gallagher.”

We think this is great news for the financial world, especially with the ever more growing role of complex and leveraged hedge fund products in todays markets. Rick has also given a great interview to MyPrivateBanking.com on Hedge Funds and how private investors should look at them: “Don’t Trust the Numbers Coming out of Any Hedge Fund.”

We congratulate Rick and the SEC to this wise decision!

Tags: Hedge Funds, rick bookstaber, sec

This entry was posted on Monday, November 9th, 2009 at 6:55 pm and is filed under Hedge Funds, Wealth Management Industry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.