Wednesday, 22 October 2014
Last updated 49 sec ago
Apr 11 2007 | 1:49pm ET
European politicians, both right and left, can’t get enough hedge-fund bashing, it seems.
Not content to sit on the sidelines while German Chancellor Angela Merkel and French presidential hopeful Nicolas Sarkozy go on the attack, the Socialist Group in the European Parliament has issued a blistering, 240-page report calling for stricter regulation of alternative investments.
The report, dubbed a “critical analysis,” argues that hedge funds and private equity firms should be subjected to more stringent transparency and disclosure requirements, as well as stricter rules regarding taxation and corporate governance.
“Given the good case for regulating banks, investment banks and other financial actors—why should hedge funds, and private equity be any exception?” the report asks. “Given the readiness for reforms of our labor markets, the European countries as well as our target markets—why should the new development of the financial markets be exempted from this trend?”
The report, prepared by Ieke van den Burg, the Dutch Socialist Group spokeswoman on economic and monetary affairs, and former Danish prime minister and current president of the Party of European Socialists Poul Nyrup Rasmussen, enumerates six primary areas of concern: pension funds, viability of private companies, security of service provision, workforce concerns, market stability and ethics.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...