Monday, 22 September 2014
Last updated 2 days ago
Mar 26 2013 | 12:50pm ET
Even as it begins to loosen its grip on foreign hedge funds, China is seeking tighter controls on its private-equity industry.
The country's National Development and Reform Commission yesterday pushed local governments—again—to register all p.e. funds with more than 500 million yuan (US$80.5 million) in assets by the end of June. An October deadline, set by the NDRC in May, failed to do the trick; the NDRC said yesterday that the process had stalled in some areas of the country.
The new push to have p.e. funds register with local governments come amidst an increase in p.e. scams, according to The Wall Street Journal. It also comes amidst a jurisdictional battle, as the NDRC seeks to consolidate its oversight of private equity against the machinations of the Ministry of Commerce and China Securities Regulatory Commission.
China has said in the past that p.e. funds should register—but has stopped short of requiring it.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.