Talks On EU Hedge Fund Rules To Resume Friday

Oct 12 2010 | 1:37pm ET

Negotiations to hammer out a deal on the European Union's oft-delayed hedge fund regulations will resume on Friday, a top official said.

Despite word of a possible major concession on the part of France, reportedly dropping its outright opposition to granting foreign hedge and private equity funds access to all 27 EU countries, talks ended yesterday without a deal. But negotiators will be back at the end of the week, beginning what EU Financial Services Commissioner Michel Barnier referred to as "a decisive week."

France wants the U.K. to accept greater powers for a new pan-EU financial regulator, including the power to issue the "passport" the Britain and the U.S. have fought so hard for, in exchange for its concession on the issue.

The proposed alternative investments directive would impose strict new reporting and custody requirements on hedge funds and private equity funds. It requires the approval of both EU governments and the European Parliament, which has also pushed for the passport.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note