Saturday, 27 December 2014
Last updated 2 days ago
Jul 18 2014 | 11:41am ET
Hedge fund managers may be worried about the backlog of registration applications in advance of new European Union hedge fund rules coming into effect in four days, but the regulator processing them isn’t.
The U.K. Financial Conduct Authority said it expects to finish sifting through all applications for registration under the Alternative Investment Fund Managers Directive by July 22, when the rules come into force. As of earlier this week, the FCA had approved—conditionally or otherwise—less than half of the 927 firms that applied, it said.
A recent Preqin poll showed that British hedge fund managers were somewhat less sanguine about the FCA’s ability to plow through the remaining applications before Tuesday. And a survey by Confluence showed that more than one-third of managers aren’t ready to come into compliance with the rules, which we approved four years ago.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.