Tuesday, 30 September 2014
Last updated 5 hours ago
Feb 27 2013 | 11:34am ET
It's a case of too little, too late, but a dozen European Union states are complaining about the European Community's implementation of the bloc's controversial new hedge fund rules.
Those regulations, the Alternative Investment Fund Managers Directive, are now European law. But 12 of the EU's 27 members, including the U.K. and Germany, assailed the EC for its "opaque" handling of the directive, and for ignoring technical advice from the European Securities and Markets Authority "without explanation."
The letter also took the EC to task for failing to "openly consult" with member states and for giving member states too little time last year to comment on the directive, which "is extremely large and has an extensive effect."
The signatories to the short letter, which included Austria, the Czech Republic, Denmark, Finland, Ireland, Latvia, Luxembourg, the Netherlands, Portugal and Sweden, warned that they "are concerned about the manner in which the post-Lisbon process of producing delegated acts is being conducted."
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...