Tuesday, 2 September 2014
Last updated 53 min ago
Sep 28 2010 | 12:52pm ET
France has led the battle for tough new hedge fund regulations for the European Union. But the country’s refusal to compromise on several outstanding issues may doom the controversial new rules.
Yesterday’s meeting between representatives of EU countries, the European Parliament and the European Commission was set to be the last, with many expressing confidence that a deal could be struck and that the rules could be passed by the end of next month. Now, however, another round of negotiations has been scheduled for this coming Monday, amidst reluctance by the French to accept the so-called “passport” that would give hedge funds that meet EU requirements access to all EU markets.
France wants individual countries to be able to decide which products are allowed within their jurisdiction. In particular, the French are thought to balk at allowing foreign hedge funds access without their approval.
“There is no doubt that this is the main problem,” one diplomat told the Financial Times.
Asset-stripping rules for private equity funds and the powers of the new European Securities and Markets Authority also remain sticking points.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...