Monday, 25 May 2015
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.
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…