Wednesday, 1 October 2014
Last updated 10 hours ago
May 11 2010 | 7:17pm ET
The momentum for hedge fund regulation in the European Union appears to be faltering, but the bloc’s financial markets commissioner is still hopeful for a deal—between the EU and the U.S.
Michel Barnier, on a visit to Washington, D.C., said “the debate on hedge funds and private equity is in the last stretch,” adding that a deal between the 27-member EU and the U.S. is “possible soon.”
U.S. Treasury Secretary Timothy Geithner has been critical of the EU’s proposed hedge fund rules, which could block U.S. firms and other foreign hedge funds from access to the European market. Geithner has written to Barnier and other European leaders urging them to ensure that the EU rules are not protectionist, with U.S. lawmakers threatening to block European firms from the U.S. market in retaliation.
Barnier has previously been dismissive of U.S. concerns, warning that he would not be “bullied” by Washington. But he sounded a more conciliatory note on this side of the Atlantic.
“We’re working on the basis of a proposal from my predecessor in conditions that were extremely rapid and fast, so this text needed improvement and has been improved,” Barnier said. “I’m going to talk to Sec. Geithner about it and avoid all types of discrimination.”
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…
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...