Sunday, 28 December 2014
Last updated 3 days ago
Jun 29 2012 | 12:24pm ET
An 80-year-old ban on hedge fund advertising will finally be lifted this summer, U.S. Securities and Exchange Commission Chairman Mary Schapiro said yesterday.
Testifying before a House of Representatives oversight committee, Schapiro said that the new rule—mandated by April's JOBS Act—will not be ready by the 90-day deadline set out in the law. But she said she expects the commission to issue the rule this summer, which will allow hedge funds and other private funds to advertise to the general public.
"It's a bit more challenging a rule-making than it might seem on the surface," Schapiro said, noting that the JOBS Act requires the SEC to require private funds—which will still be available only to the wealthy—to take reasonable steps to ensure that investors are, in fact, accredited.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.