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The Securities and Exchange Commission today proposed a new rule that would require registered investment advisers to adopt and implement written business continuity and transition plans. The proposed rule is designed to ensure that investment advisers have plans in place to address operational and other risks related to a significant disruption in the adviser’s operations in order to minimize client and investor harm

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Greetings,  The UK voted to leave the EU: 51.8 to 48.2 in favor of Brexit. Below is the betting markets probability over time. Source: @PredictWise Here are the latest stats and the regional breakdown. Notice Scotland’s vote. Some are suggesting that Scotland will now ask for another referendum to leave the UK and rejoin the

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Hennessee Group LLC announced today that the Hennessee Hedge Fund Index gained +0.94% in May (-0.05% YTD), while the S&P 500 gained +1.53% (+2.59% YTD), the Dow Jones Industrial Average gained +0.08% (+2.08% YTD), and the NASDAQ Composite Index jumped +3.62% (-1.19% YTD). Bonds were positive on the month, as the Barclays Aggregate Bond Index gained +0.03%, (+3.46% YTD).

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