G7 Leaders To Meet With Hedge Fund Reps.

Apr 11 2007 | 8:52am ET

Germany’s crusade to rein in hedge funds continues Friday, when finance ministers and central bank chiefs from the G7 countries are set to meet in advance of the spring meeting of the International Monetary Fund and World Bank.

Joining the regulators will be representatives from about 20 leading hedge funds, the Financial Times reports, as well as the Alternative Investment Management Association and Managed Funds Association. The talks—similar to the regular meetings proposed by German Chancellor Angela Merkel—are set to cover what a future surveillance program might look like, the newspaper reports.

“Because of the nature of international capital markets, we need to get the industry on board,” a German government source told the FT. “If we do not, they will always find a way to circumvent whatever rules and surveillance systems governments agree on. Injunctions and prohibitions are no use in this context.”

On the issue of government agreement—no small or assured thing—Germany will also press forward on Friday. Thomson Financial reports that it will lobby its fellow industrialized nations to adopt a unified stance calling for more transparency and market discipline among hedge funds. German government sources told Thomson that the country’s goal is a voluntary code of conduct, though it does not expect a final agreement this year.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

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

July/August 2014 Cover

The time was right

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 ...

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.