Saturday, 20 September 2014
Last updated 11 hours ago
May 6 2010 | 1:06pm ET
New hedge fund regulations in Europe and the U.S. appear to be just around the corner, but five firms are signing up to a voluntary set of best-practices standards, anyway.
Amber Capital, Aspect Capital, Henderson Global Investors, Krom River Investment Management and North Asset Management have committed to the Hedge Fund Standards Board’s code of conduct. The new signatories bring to 58 the number of firms that have agreed to the standards.
“We are very pleased to welcome these latest signatories,” Antonio Borges, head of the HFSB, said. “The growing commitment to the HFSB process from well-established houses, small managers and start-up firms demonstrates the broad industry support for our standards, which are increasingly accepted as a benchmark by investors.”
The HFSB code includes tougher standards for asset valuation, third-party valuation, a Chinese Wall between valuation and portfolio management, disclosure, governance, risk and shareholder conduct.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.