Monday, 22 September 2014
Last updated 2 hours ago
Mar 29 2011 | 12:48pm ET
Top hedge fund executives have won a reprieve from the U.K.'s new registration system.
Set to go into effect on May 1, the Financial Services Authority has been forced to delay the newly-widened approved persons program due to technical problems. Issues with regulator's online notifications and applications system have made the FSA unable to accept and process applications.
The FSA did not set a new registration deadline, but promised to give firms two months' notice, HFMWeek reports.
Under the FSA's expanded approved persons scheme, top executives with "significant influence controlled functions" will have to register. The regime will also cover U.S.-based executives at hedge funds with U.K. offices.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.