Tuesday, 28 July 2015
Last updated 8 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…