Tuesday, 30 September 2014
Last updated 5 hours 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.
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...