Thursday, 31 July 2014
Last updated 42 min ago
Aug 20 2012 | 12:21pm ET
Following in the footsteps of the world's largest country, the world's second-largest country is opening its doors to hedge funds.
The Security and Exchange Board of India has given seven hedge funds its seal of approval over the past month, under its new Alternative Investment Funds regulatory regime, unveiled in March. The first received its registration on July 23; the rest were approved this month.
The regulator on Thursday also gave listed companies the right to sell up to 10% of their equity to AIFs.
Kohlberg Kravis Roberts' India Alternative Credit Opportunities Fund is one of the funds now able to operate in India. The others are IFCI Syncamore India Infrastructure Fund, Utthishta Yekum Fund, Indiaquotient Investment Trust, Forefront Alternate Investment Trust, Excedo Realty Fund and Sabre Partners Trust.
India's move follows similar liberalization of hedge fund regulations in China and South Korea.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…