Tuesday, 31 March 2015
Last updated 17 min ago
Apr 12 2007 | 10:27am ET
The flurry of news in advance of this weekend’s International Monetary Fund-World Bank pow-wow—featuring a meeting of G7 finance ministers and central bank chiefs with representatives of the hedge fund industry—has been something of a mixed bag for supporters of stricter regulation. The latest tidbit, however, is likely to sour their mood.
Acording to the Financial Times, a report commissioned by the G7 on hedge funds will not call for any concrete steps to be taken. A draft report circulating among finance ministries from the Financial Stability Forum acknowledges the risks associated with the development of the hedge fund industry, but it reportedly declines to endorse any of the substantive measures pushed by the German government, including a global database of hedge fund investments, a voluntary code of conduct for hedge fund managers and an increased role for rating agencies.
The report, due to be presented next month, is unlikely to derail Berlin’s bid for greater transparency and scrutiny of hedge funds. The country is reportedly confident it can push the code of conduct through the G8, though it has not put a timetable on its adoption.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…