Merkel Proposes Hedge Fund Roundtable

Mar 28 2007 | 12:04pm ET

Grant this much to German Chancellor Angela Merkel: She is persistent, especially when it comes to hedge funds.

Merkel, forced to drop her more ambitious plans for international regulation in the face of American and British opposition, achieved an agreement to seek greater “vigilance” at a summit of G7 leaders last month, but now hopes to turn that into something more concrete. According to the German magazine Capital, Merkel will propose regular meetings between the G8 regulators and the world’s 20 largest hedge funds at the G8 summit in Heiligendamm, Germany, in June.

“She has proposed this plan in the framework of Germany’s G8 presidency and hopes to get the agreement for it at the global economic summit,” the magazine reports, according to Reuters. “The roundtable should meet regularly and serve the confidential exchange of information, to thwart crises in global financial markets.”

At their meeting last month, G7 finance ministers commissioned a report on the hedge fund industry.


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

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.