Thursday, 27 November 2014
Last updated 22 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."
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...