Germany’s Merkel Calls For Even Stricter Hedge Fund Rules

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.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.