Thursday, 2 October 2014
Last updated 47 min ago
May 11 2010 | 7:16pm ET
Two lobbying groups have reached starkly different conclusions about the European Union’s proposed hedge fund and private equity regulations.
The Confederation of British Industry has come out against the rules, which would impose strict new reporting and custody requirements and possible leverage limits, as well as potentially blocking foreign firms from the European market. Such rules would be hurt the British economy, the CBI said.
“The proposed legislation would damage companies owned by private equity firms and discourage investment,” John Cridland, CBI deputy director-general, said. “The additional bureaucracy and forced disclosure of commercially-sensitive information would be a real problem.”
The CBI is recommending that members of the European Parliament vote against the tougher rules. A vote is expected by the Parliament’s economic and monetary affairs committee next week, following its postponement yesterday.
By contrast, the European Economic & Social Committee is backing the rules.
“Within the European economy, the impact of hedge funds and private equity funds is more serious in social and employment terms than in the economic and financial sense,” the EE&SC’s Angelo Grasso said.
Oct 2 2014 | 9:16am ET
Gregory Barrett is a principal at Dyal Capital Partners, which takes minority equity stakes in established hedge fund managers—those with assets under management of $1.5 billion to $6 billion. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...