Thursday, 28 August 2014
Last updated 9 hours ago
Jul 5 2007 | 10:28am ET
The Dubai Financial Services Authority, which regulates all banking and asset management at the Dubai International Financial Center, on Tuesday issued a draft hedge fund code and is seeking public comment.
The proposed code is more in line with the British principles-based approach to financial regulation than it is with the U.S. rules-based approach.
“We thought it appropriate to develop best practice standards under high level principles, rather than detailed rules,” said Ian Johnston, managing director of policy and legal services at the DFSA. “We selected nine areas of risk which are more specific to hedge fund operations than to other types of collective investment funds. This approach is consistent with the DFSA's risk-based approach to regulation and gives the industry the flexibility to develop their own practices within the framework set by the principles.”
Comments on the code are due Oct. 4. Subject to any changes resulting from public consultation, the DFSA hopes to introduce the code in the first quarter of 2008.
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 ...