Thursday, 2 April 2015
Last updated 10 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."
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…