Wednesday, 23 July 2014
Last updated 2 hours ago
Sep 26 2013 | 10:51am ET
Brevan Howard Asset Management and BlueCrest Capital Management are among the hedge funds facing questions from British regulators about their exposure to interest-rate derivatives.
The Financial Conduct Authority last month sent a letter to a number of hedge funds in the wake of June's wild interest-rate moves, which rumors have attributed to a hedge fund sell-off. The hedge funds contacted are all major players in the interest-rate markets, the Financial Times reports.
The letters sought information about hedge funds' preparation for a sudden increase in rates. Some have expressed concern that the FCA is effectively asking hedge funds to disclose their positions.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…