Monday, 20 October 2014
Last updated 8 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. 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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...