Saturday, 30 August 2014
Last updated 1 day ago
Oct 20 2011 | 9:59am ET
The EU will impose stricter regulations on the short selling of shares and bonds, banning “naked” credit default swaps on government bonds.
Agreement on the new rules was reached Tuesday between representatives of the European Parliament and EU member states. Proponents say they will make financial markets more stable.
The rules should get the final stamp of approval from the full EP and EU finance ministers within the next few weeks and take effect as of Nov. 1, 2012.
Lawmakers have tried to distinguish between investors using short-sales to hedge potential losses on shares, bonds or other assets and speculators trying to make a quick profit.
Representatives of the hedge fund industry are not happy with the new rules:
"We have previously expressed our concerns about the impact of a ban on uncovered sovereign CDS,” said Andrew Baker, CEO of the hedge fund lobby group, the Alternative Investment Management Association. "It could not only reduce liquidity and increase volatility in debt markets, but also increase government borrowing costs and reduce real economy investments in EU member states."
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...