Friday, 31 October 2014
Last updated 2 hours ago
Jan 28 2014 | 1:09am ET
Hedge funds may not be taking impending European Union regulations seriously enough.
All hedge funds marketed in the EU has until June 22 to come into compliance with the Alternative Investment Fund Managers Directive. But with less than five months until that deadline, less than 20% of such funds have filed the necessary documents with regulators.
Hedge funds are required to appoint an EU-based independent depositary—a step many have not yet taken.
"Some people are looking at it and it makes them stand back and question part of their business model," BNY Mellon's Paul North told the Financial Times. "For others, some of the complexities arising out of the details are very challenging."
The difficulties come in spite of a delay in the rule's implementation: It was originally to come into effect last week.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.