Debacles of Amaranth & MF Global Both Involved Breaking Core Principles

Hilary Till and Richard Heckinger have seen risk management succeed and fail from the inside. Both are veterans in the derivatives industry. Till, a former derivatives trader in Boston, Chicago and London for Harvard Management Company and Putnam Investments among others is currently a research associate for the EDHEC Risk Institute (2006 to 2017) and contributing editor of the Global Commodities Applied Research Digest published by the J.P. Morgan Center for Commodities at the University of Colorado Denver Business School. Heckinger worked at the Federal Reserve Bank of Chicago and is currently a member of the Working Group on Financial Markets and Contributing Editor of the Central Banking Journal. The Chicago Fed is a group that took a keen...