Saturday, 20 September 2014
Last updated 20 hours ago
Apr 22 2008 | 9:33am ET
The indomitable Philip Goldstein plans to institutionalize his opposition to hedge fund regulation with a chamber of commerce for the industry.
Speaking at a San Francisco conference on marketing and advertising rules for hedge funds—restrictions that he is seeking to have tossed á la the Securities and Exchange Commission’s hedge fund registration requirement, which Goldstein sought successfully to have overturned two years ago—Goldstein said he hopes to set up a non-profit organization to lobby for “rational regulation.”
“Who could be against rational regulations?” he asked. “I’d like people to be able to contact me anonymously to have their voices heard.”
“A lot of these rules out there don’t make any sense, and I’d like to see an organization that’s willing to litigate on behalf of the industry on some of these issues because a lot of people are intimidated by the regulators,” the Bulldog Investors principal said.
Goldstein hasn’t set a timeline for the new group, tentatively dubbed the Rational Regulatory Policy Institute, Investment News reports.
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.