Thursday, 28 August 2014
Last updated 37 min ago
May 10 2010 | 1:26pm ET
The European Union’s proposed alternative investments regulations have hit another snag.
Despite optimism last week that a compromise was imminent, a key European Parliament committee delayed its vote on the Alternative Investment Fund Managers Directive by a week to give it more time to hammer out differences among lawmakers. The rules would impose strict new reporting and custody requirements on hedge funds and private equity funds, as well as possible leverage limits. It is also likely to bar funds based in certain jurisdictions—which remain unclear—from the European market.
The rules require the approval of both the European Parliament and the EU’s finance ministers. The latter has also not been forthcoming after British Prime Minister Gordon Brown blocked a vote on the matter in March.
“More time is needed,” Sharon Bowles, a British member of the Parliament and head of the Economic and Monetary Affairs Committee, said. The committee wishes to give “more consideration” to the opinion of Parliament’s legal affairs committee, and will now vote on May 17.
“It’s a European Parliament decision and we must respect their process,” Michel Barnier, the EU Financial Services Commissioner, said. But he added, “it’s important we reach an agreement quickly, hopefully before the summer.”
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 ...