Thursday, 2 April 2015
Last updated 12 hours ago
May 26 2011 | 10:28am ET
The head of the new pan-European Union securities regulator today offered a glimpse of how his agency will implement new bloc-wide hedge fund rules.
Steven Maijoor indicated that greater transparency and risk disclosure were foremost on his mind when it comes to hedge funds. The European Securities and Markets Authority, of which Maijoor is chairman, plans to begin a public consultation in July on the shape of the new regulations.
"It will be important to achieve a balance between increasing investor protection while avoiding imposing undue costs on fund managers," Maijoor told the International Capital Market Association's annual conference. "At the same time, regulators will need to be provided with sufficient information on the activities of alternative investment fund managers."
Maijoor also offered his take on new EU rules banning naked short-selling of sovereign debt—he's worried about member states' power to temporarily lift the bar to boost liquidity—and the next areas to face greater EU scrutiny, exchange-traded funds and derivatives.
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…