In what only can be described as an act of supreme chutzpah or proof that Chang had become completely separated from reality; he then sent out a marketing letter to brokers encouraging them to raise assets for ACE.
The odd thing is that a regulatory overhaul that began as a way to rein in the lawless world of over-the-counter trading and apply futures industry style regulation will, in the end, arguably have a greater impact on the already regulated futures world than the OTC space.
I recently read a Chicago Tribune column by Victor Hanson where he criticized President Obama basically for hypocrisy because in 2006 Obama criticized President Bush's deficit spending. No where in the column did it mention the credit crisis.
The problem is not with managed futures, which have posted great returns, even (especially) during stock market meltdowns, but with the financial industry that wraps these otherwise useful products in a high fee wrapper