Sunday, 21 December 2014
Last updated 12 hours ago
May 9 2007 | 11:38am ET
Hedge funds sure do have a friend in British Chancellor of the Exchequer Gordon Brown.
Just days after derailing Germany’s ambitious plans for hedge fund oversight at a meeting of European Union finance ministers, Brown—just weeks away from a likely promotion to his country’s top job when Prime Minister Tony Blair steps down—met with representatives of London’s financial services industry to discuss how to make London even more globally competitive.
“Britain is a world-leader in financial services, but it must never be complacent about the challenges ahead,” he said after the meeting.
One of the proposals would help hedge funds slash costs by up to $575 million, a move that would solidify London’s position in the alternatives industry. The city is already home to about 90% of Europe’s hedge funds, and is gaining on the world leader, New York. The Chancellor also discussed creating an International Centre for Financial Regulation, a research institution whose mission would be to offer training on international regulation.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.