Monday, 24 November 2014
Last updated 6 hours ago
Mar 19 2010 | 9:52am ET
The U.K. really is “very isolated” in its opposition to the European Union’s proposed hedge fund rules: The country counts only a pair of Mediterranean island nations in trying to sink the directive, which would impose strict reporting and custody requirements on hedge funds and private equity funds.
Of the 27 members of the EU, only Britain, Cyprus and Malta are against the adoption of the rules. Previously, the U.K. was thought to enjoy the support of the Czech Republic, Finland, Ireland and Sweden, as well.
Like the British, the Maltese are concerned that the rules, which could also impose leverage limits and block overseas alternative investment managers from Europe, will damage its hedge fund industry.
British Prime Minister Gordon Brown this week derailed—for the time being—the Alternative Investment Fund Managers directive by making clear he would not accept the compromises being discussed by the bloc’s finance ministers. The rules are also being debated by the European Parliament.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...