Thursday, 18 September 2014
Last updated 11 hours ago
Feb 22 2008 | 3:11pm ET
British retail investors will have a new place to put their money by the end of the year: funds of hedge funds.
The U.K. Financial Services Authority plans to promulgate new rules allowing individuals outside the high net-worth set to invest in funds of funds. Single-manager funds will remain the preserve of institutional investors and the very rich under the proposal.
In a statement, Dan Waters, director of retail policy at the regulator, said the new rules “allow more choice and a better opportunity for risk diversification, while maintaining consumer protection.”
The FSA will consult with the industry before enacting the rules. The regulator has been mulling retail access to hedge funds for more than two years.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.