Wednesday, 1 October 2014
Last updated 12 hours ago
Oct 30 2012 | 9:17am ET
Ireland's Central Bank has begun six weeks of consultation on proposals to regulate non-retail investment vehicles, like hedge and private equity funds.
Ireland, where assets worth more than €1 trillion are domiciled and worth over €2 trillion are administered, plans to implement the European Union's alternative investment fund managers' directive.
In a statement issued Monday, the Central Bank said it would set out a series of proposed changes to the current regime for the regulation of Irish funds in a draft Alternative Investment Funds Handbook.
The changes include easing existing restrictions to allow retail investors to invest in “unlisted securities, derivatives and other asset classes to an extent which has not been possible for such investors up to now,” said the bank.
The bank plans to end the current promotor approval process in favor of placing greater reliance on alternative investment fund managers, reports the Irish Times. The consulations will also look at the role of fund directors.
After the consultation period, the bank will issue a response in early 2013 and publish a finalized rule book sometime soon after.
The bank’s deputy governor, Matthew Elderfield, has said that some of Ireland's existing rules actually exceed the requirements of the new directive.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...