Wednesday, 26 November 2014
Last updated 7 hours ago
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.
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…
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...