Friday, 29 August 2014
Last updated 9 hours ago
May 19 2010 | 11:33am ET
Republicans yesterday blocked a vote on the a rule that could bar banks from the hedge fund and private equity industries, potentially delaying the adopting of sweeping financial reforms in the U.S.
The version of the Volcker Rule crafted by Sens. Carl Levin (D-Mich.) and Jeff Merkley (D-Ore.) would exclude banks that do not take deposits, man loans or use the Federal Reserve’s discount window. It would also give firms that do time to extricate themselves from investments and businesses that would be banned by the law.
Levin and Merkley’s amendment would also allow banks to continue to invest client funds in hedge funds, but would specifically bar them from mixing their own capital with their clients’.
“I’m not inclined to vote for cloture if we can’t get a vote on this,” Levin said, referring to a vote to end debate on the overall financial package.
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 ...