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

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

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.