Commentary

Momtchil Pojarliev
Traders Magazine Online News

Some Like It Hedged

BNP Asset Management's Pojarliev discusses a variety of options to address foreign currency exposures. Although there is no single best-practice solution for addressing foreign currency exposures, institutional investors have three main choices, he says.

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March 1, 1998

At Deadline - Levitt Renominated

By John A. Byrne

President Clinton plans to nominate Arthur Levitt to a second term as chairman of the Securities and Exchange Commission. Levitt's current five-year term expires in June. A second term would end in June 2003, and serving the full term would make Levitt the longest-sitting chairman in the SEC's 63-year history.

The nomination must be confirmed by the Senate Banking Committee before receiving full approval from the Senate. Levitt, a former chairman of the American Stock Exchange, championed the interests of small investors during his first term, focusing in particular on tougher oversight for the municipal bond market, Nasdaq and brokerage firms.

John S.R. Shad, who headed the SEC from 1981 to 1987, was the only other chairman to be reappointed. He left office before the completion of his second term to become Ambassador to the Netherlands.