Friday, 25 July 2014
Last updated 14 min ago
Sep 22 2008 | 9:55am ET
From New York to London to Sydney, Australia, hedge funds are unhappy with new short-selling restrictions. But one group of hedge fund managers doesn’t plan to take the new measures lying down.
A group of some of the world’s biggest hedge funds may sue Britain’s Financial Services Authority, which on Thursday became the first regulator to bar short-selling of some securities, in an effort to recoup millions of pounds in losses, The Telegraph reports. The unidentified market players are accusing the FSA of “wide-spread capital destruction” in pursuance of a cheap political stunt.
According to the Telegraph, some 35% of European hedge funds are being forced to scramble to survive in the wake of the FSA’s new short-selling restrictions. The British regulator’s move was quickly followed by similar moves in the United States and Australia.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…