Monday, 15 September 2014
Last updated 4 hours ago
May 7 2010 | 3:25am ET
If Thursday’s election results weren’t enough to dampen British Prime Minister Gordon Brown’s day, he received another scolding from his German counterpart.
Chancellor Angela Merkel blamed the U.K. for blocking the European Union’s efforts to enact alternative investments regulation, calling the lack of such rules a “scandal.”
Still, Merkel said the shape of reform should become clear over the next three weeks. There is a deadline later this month for the EU’s finance ministers to vote on the directive, which is also nearing a major vote in the European Parliament. Both bodies must approve the rules for them to become law.
While Merkel, who is facing a critical election of her own on Sunday, is right about the British blocking the rules—Brown in March prevented their adoption by finance ministers—she is likely to be mistaken if her fellow center-right party in the U.K. emerge as the winners. The Conservative Party has pledged to continue Brown’s line on the EU hedge fund rules.
As things stand, however, it is unclear that the Tories will be able to form a government, as they are likely to fall short of a majority in the British Parliament.
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…
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