Bank Of Italy Offers Hedge Fund Proposals

Jul 24 2008 | 7:53am ET

Italy is not a particular welcoming place for hedge funds, but that could be changing.

A new report on the state of the Italian mutual fund industry, backed by the Bank of Italy, proffers a number of proposals that would make the country much more hospitable to hedge funds, according to the Alternative Investment Management Association. The lobby group published its own survey on the subject two years ago.

Among the proposals are lower minimum investments for hedge funds and funds of hedge funds, getting rid of the maximum number of participants in a fund and a separate regulatory regime for funds of funds.

“This initiative will start a deep and material change within the fund industry in Italy,” Massimo Maurelli, who represents the country on the AIMA council, said.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...