Wednesday, 20 August 2014
Last updated 5 hours 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note