German Goals Get Boost From China

Apr 17 2007 | 9:58am ET

German efforts to rein in hedge funds may be striking out with American officials, but on the other side of the globe, the country’s embattled hedge fund initiatives are receiving a warmer hearing.

The Chinese Finance Ministry has endorsed the German drive for greater hedge fund transparency, Executive Intelligence Review reports, calling the step important in maintaining financial stability. China is also reportedly in favor of supervision of transactions, the scope and operation plans of hedge funds, far beyond anything the U.S. seems willing to countenance.

It is unclear what, if any, effect the Chinese position will have. China is not a member of the G8, which, under Germany’s presidency, is set to consider what moves to take with regard to hedge funds at its June summit.


In Depth

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...