Thursday, 25 December 2014
Last updated 1 day ago
May 23 2013 | 10:39am ET
Before issuing new transparency guidelines and other regulatory changes, the Australian Securities and Investments Commission is asking an important question: What, exactly, is a hedge fund?
ASIC may tighten its definition of "hedge fund" before new rules on disclosure come into effect on Feb. 1, and it's asking the industry for help. The regulator's move comes in response to concerns that its current definition of hedge fund—any registered managed investment scheme that either calls itself a hedge fund or possesses at least two hedge-fund like characteristics—captures too many funds that are not "true" hedge funds.
Among the main characteristics that ASIC currently looks for are complexity of strategy or structure, the use of debt, derivatives and short-selling, and performance fees.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.