European Powers Plan Hedge Fund Self-Regulation

Dec 18 2007 | 1:04pm ET

Once considered all but dead, Angela Merkel’s effort to impose some sort of regulation on hedge funds may finally bear fruit.

The German Chancellor reportedly said that, in concert with Britain and France, Germany would issue new proposals on hedge fund self-regulation by the spring. Previously, opposition from the U.K., alongside that of the U.S., had helped to sink her push for international hedge fund regulation and monitoring.

“We have come a long way in our thinking over the last year,” she told the German magazine Capital. “We are working on a self-regulatory declaration for the hedge fund sector. Together with British Prime Minister Gordon Brown and French President Nicolas Sarkozy, I will finalize the new proposals at the EU level by the spring.”

Brown is set to host Merkel and Sarkozy for a discussion on financial market stability in January.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...