Thursday, 26 November 2015
Last updated 23 hours ago
Jul 21 2010 | 12:00pm ET
The head of the Securities and Exchange Commission said she is unsure if any hedge funds present “systemic risks” to the global economy.
Speaking to a House Financial Services subcommittee yesterday, Chairman Mary Schapiro said “it’s really not clear” what risk, if any, the hedge fund industry presents. But, she added “it will be very important to decide where the lines are drawn.”
It will also be important, Schapiro said, for the SEC to beef up its staff to allow the regulator to actually examine all of the hedge funds that are about to come under its purview. The financial regulation overhaul bill—due to be signed by President Obama today—requires hedge funds and private equity funds with $150 million or more in assets to register with the SEC.
That bill will also create the Financial Stability Oversight Council, a new body including officials from the SEC, Federal Reserve and Treasury Dept. that has authority over firms deemed systemically relevant.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…