Wednesday, 25 November 2015
Last updated 5 hours ago
Jan 30 2014 | 11:28am ET
Hedge funds are once again facing a skeptical eye from Germany.
The European Union at last released a proposal to reduce systemic risk at big banks yesterday. The regulations, similar to the Volcker rule in the U.S., would bar European banks from proprietary trading and require them to separate some riskier operations.
But the bloc's biggest economy isn't happy with its provisions on hedge funds.
"I am a bit worried that the [European] Commission's proposals on the isolation of high-risk trades at hedge funds don't go as far as our German rules," Finance Minister Wolfgang Schaeuble said. "This is a point we must look at."
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…