Draft Of European Hedge Fund Rules Due Next Month

Mar 18 2009 | 3:19am ET

Hedge funds will get a look at their regulatory future next month as the European Union unveils new rules for the sector.

The European Commission will issue a directive on April 21, offering a draft bill that would impose binding rules on hedge funds and private equity firms designed to boost regulatory oversight of alternative investment firms. The new rules won’t come into effect anytime soon: The proposal must be adopted both by the European Parliament and the EU’s 27 member states.

“This will strengthen overall effectiveness of the regulatory supervisory system,” David Wright, deputy head of the EC’s internal markets unit, said.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…