German Leader Calls For More Hedge Fund Regulation

Aug 26 2013 | 10:25am ET

There’s a German election in less than a month, which means it"s time for the country’s politicians to take aim at one of their favourite targets: hedge funds.

Chancellor Angela Merkel, campaigning for re-election on Sept. 22, said she would seek tougher international hedge fund regulations at next week’s Group of 20 summit in Russia. “It’s not enough to regulate just banks but not hedge funds and shadow banks, and I’ll fight for that,” she told a rally in Bonn. Merkel added that she hoped European members of the G-20 would “speak with one voice” on the issue.

Merkel’s ruling coalition currently has a wide lead in the polls over the opposition Social Democratic Party.

The chancellor’s statement comes after KPMG released a survey showing that just 22% of European hedge fund managers are in compliance with the European Union’s Alternative Investment Fund Managers Directive. Most of those who remain noncompliant are awaiting local guidance, no surprise given that more than half of the bloc’s 28 members failed to implement the new rules by a July 22 deadline.

Among those who failed to do so are G-20 members France, one of Germany’s staunchest allies in the push for tougher hedge fund rules, and Italy.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note