Thursday, 26 November 2015
Last updated 16 hours ago
Sep 25 2013 | 12:16pm ET
A specter is once again haunting the hedge funds of England—the specter of systemic importance.
At its first meeting under new Bank of England Governor Mark Carney, the U.K. central bank's Financial Policy Committee set its sights on the hedge fund industry, calling it a potential source of instability.
The committee said it doesn't know enough about how problems at hedge funds could weigh on their counterparties and institutional investors, and that the BoE and Financial Conduct Authority had joined forces to collect more information about the industry and put together "a more complete assessment of risks to financial stability."
The statement is something of a volte-face for British regulators, which in the past have downplayed the risk the financial system posed by hedge funds.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…