Thursday, 31 July 2014
Last updated 34 min ago
Feb 10 2009 | 12:30pm ET
Not wanting to become the Securities and Exchange Commission of the north, the Ontario Securities Commission is cracking down on hedge funds.
Canada’s largest provincial financial regulator launched a review of hedge fund compliance last week, the Financial Post reports. It is seeking information from hedge fund managers about their service providers, portfolio composition and valuation, retail customers and the last year-and-a-half of inflows and outflows. The OSC also wants to know about any exposure that Ontario’s hedge funds might have to Bernard Madoff’s alleged Ponzi scheme.
The regulator has told hedge funds to turn the information over by Feb. 20.
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…