Saturday, 28 March 2015
Last updated 19 hours ago
Apr 24 2007 | 10:07am ET
Is the U.S.’s chief ally on hedge fund regulation wavering? Ed Balls, a minister the British Treasury, said yesterday he would consult other European countries about pooling information regarding hedge funds in an effort to protect London’s financial establishment.
Of course, under such a scenario, the U.K. would do most of the sharing: London is home to 90% of Europe’s hedge fund business. But he did indicate that the U.K. and Chancellor of the Exchequer Gordon Brown are taking a softer line towards Germany’s push for greater transparency and supervision of hedge funds than are their American colleagues.
“Following discussion with the FSA, we believe that the quality of prudential supervision of hedge fund activity would be enhanced if there were greater co-operation between the key regulators,” Balls said at a conference sponsored by the chief U.K. regulator, the Financial Services Administration. “One option would be to broaden the six-monthly enquiries that the FSA currently carries out to other major regulators.”
Balls did warn that he and his boss continue to oppose any heavy-handed regulation of hedge funds.
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…