Wednesday, 27 May 2015
Last updated 9 hours ago
Sep 26 2007 | 7:39am ET
Two advisory committees—one representing investors and the other hedge funds and asset managers—are set to make recommendations on proposed “best practices” and disclosure guidelines by the end of year, the U.S. Treasury Department said yesterday.
The two groups, one headed by Russell Read of the California Public Employees’ Retirement System and the other by Eton Park Capital Management’s Eric Mindich, are considering principles established by the President’s Working Group on Financial Markets. The Treasury expects to issue plans for a new hedge fund regulatory regime early next year.
Read’s group, which includes representatives of the AFL-CIO and the Washington State Investment Board, is to focus on what information hedge funds should disclose to potential investors. Mindich’s group is concentrating on best practices for information, valuation and risk management systems.
“The goal is to bring the principles to light,” Treasury Undersecretary Robert Steel said. The Treasury Dept. noted in a statement, “The committees represent a milestone toward a more competitive U.S. marketplace with the world’s highest standards for protecting investors and safeguarding against systemic risks.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…