Wednesday, 27 August 2014
Last updated 2 hours ago
Apr 3 2012 | 2:16am ET
Europe's top financial cop reacted angrily to new complaints about impending European Union hedge fund regulation from the alternative investments industry.
The Alternative Investment Management Association warned yesterday that the European Commission's draft for enforcing the Alternative Investment Fund Managers Directive "diverges" from the line suggested by the European Securities and Markets Authority and would be "extremely problematic." Once again, the lobbying group warned that the rules could close Europe to foreign hedge funds.
But Michel Barnier, the EU's financial markets commissioner, would have none of it, saying that the EC "worked very closely with ESMA" on the 110-page draft while blasting the "rearguard lobbying" by AIMA.
"Despite the pressure from those trying to reopen old issues, we won't abandon our efforts to ensure that all financial actors, be they banks or hedge funds or other financial institutions, are appropriately regulated," Barnier said. "I will not be intimidated by those trying to undermine the real progress we are making."
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 ...