Tuesday, 2 September 2014
Last updated 13 min ago
Feb 1 2010 | 1:08pm ET
Among the 1,000 proposed amendments to the European Union hedge fund regulation bill are measures that would curb its impact and tax fund manager bonuses.
Under the former, only hedge funds and private equity funds with more than €1 billion in assets under management would be covered by the proposed directive, which could impose strict new reporting and custody requirements, as well as possible leverage limits.
The directive as written by the European Commission is “poorly drafted,” the amendment’s sponsor, European Parliament member Syed Kamall, told Bloomberg News.
Kamall, a Conservative who represents London, argued that the regulations “should take account of the size of funds and not impose costs on small funds with no systemic importance which might force them to close.”
Another proposed amendment would take no heed whatever of that admonition. Luxembourg’s Robert Goebbels and Germany’s Udo Bullmann, members of the left-leaning Progressive Alliance of Socialists and Democrats, want heavy taxes imposed on bonuses if fund managers don’t adequately punish themselves for risk taking.
The amendment would place taxes of “more than 20%” on those fund managers that don’t take into account the risks inherent in their investments when they set their bonus policy.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...