Monday, 1 September 2014
Last updated 3 days ago
May 13 2010 | 3:24am ET
Britain’s richest hedge fund manager has some harsh words for the European Union and its proposed hedge fund regulations, as well as some kind words for his native land.
Moore Capital Management founder Louis Bacon blasted the “demonization” of hedge funds in Europe, assailing the 27-nation bloc’s leaders for adopting “a stance of ‘first kill all the canaries in the mineshaft’” rather than “listening to the market’s warnings.”
“European financial authorities see hedge funds particularly as a threat to their ability to contain prices, information and confidence in the increasingly risky sovereign debt markets,” Bacon wrote to investors in a letter obtained by Financial News. That’s leading to “confusing and discordant” approaches to the hedge fund issue between the U.S. and EU.
But while Bacon has little but scorn for the latter, he offered plaudits to his home country.
“The U.S. financial authorities are respectful of the many Cassandras in the hedge fund world that decried the lending bubble practices developed through the last decade,” he wrote. “They’d like to hear those voices and co-opt their insights and intelligence that was so lacking in the regulatory, supervisory and legislative circles.”
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 ...