Thursday, 18 September 2014
Last updated 43 min ago
May 24 2010 | 11:57am ET
Hedge fund managers who think that the European Union’s proposed hedge fund rules are as bad as it can get had better think again.
German Chancellor Angela Merkel, among the strongest proponents of hedge fund regulation, said Friday that she isn’t satisfied with the current directive, which has been approved by the EU’s finance ministers and is making its way through the European Parliament. Merkel said she will push for further hedge fund regulation.
“We have to find unity, since on the fundamental question we’re in agreement that there have to be regulations for hedge funds,” she said.
That’s about the only area on which there appears to be agreement. While new British Prime Minister David Cameron said, after meeting with Merkel on Friday, “We do accept the need for regulation,” he added that it “needs to be fair and proportionate.” Neither the U.S. nor the U.K. believe that to be true of the EU directive, which would impose strict new reporting and custody requirements on hedge funds and private equity funds, as well as possible leverage and borrowing limits. There are also concerns that the version of the rules approved by the finance ministers will bar foreign hedge funds from the European market.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.