Monday, 30 March 2015
Last updated 2 days ago
Mar 20 2013 | 12:20pm ET
British regulators yesterday began the process of imposing the European Union's new hedge-fund bonus rules in the U.K.
The Financial Services Authority launched a consultation period on the Alternative Investment Fund Managers Directive's rules for bonuses. The EU law requires hedge funds to defer a significant portion of a managers' bonus over several years, and to pay at least half of bonuses in equity-linked instruments related to a manager's fund.
Britain has until July to add the EU rules to its own. The consultation closes on May 10.
The FSA will not see the conclusion of the matter: The regulator will be broken up at the end of the month, with its powers split between the Bank of England and the new Financial Conduct Authority.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…