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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?