ECB Board Member Warns On Hedge Fund Information

Oct 25 2010 | 2:02am ET

Despite the recent deal on European Union hedge fund regulation and a growing consensus among G-20 countries about transparency in the alternative investments space, Europe's central banks may still go wanting when it comes to information about hedge funds.

Jürgen Stark, a member of the European Central Bank's board, warned that Europe's regulators may have to make do with less information than they need.

"International initiatives, for example under the auspices of the G-20, are very welcome but are likely to find solutions only in the long term," he said at a conference last week. "We… have to accept that we will not be in a position to measure everything we would like to measure."

In particular, Stark cited securitizations  as being problematic.

A major part of the EU's new alternative investments directive, expected to be passed by the European Parliament next month, are strict new reporting and custody requirements for hedge funds.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of