Wednesday, 17 December 2014
Last updated 5 hours ago
Jun 8 2010 | 10:32am ET
The Managed Funds Association spent almost $1.4 million in the first quarter lobbying Congress and regulators on behalf of the hedge fund industry.
The sum, $300,00 more than the group spent in the fourth quarter and nearly double what it spent a year ago, came as strict new financial regulations were being fashioned by the U.S. Senate. In January, President Barack Obama announced his support for the so-called Volcker rule, which would bar banks from the alternative investments industry as well as proprietary trading. The president also called for a new consumer financial protection agency.
The latter agency, as well as new rules covering derivatives trading, was the subject of some of the MFA’s lobbying to members of Congress, the Commodities Futures Trading Commission, Internal Revenue Service and Securities and Exchange Commission.
The MFA also lobbied the Departments of Labor and the Treasury, according to a filing with the House of Representatives clerks’ office.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.