Wednesday, 25 November 2015
Last updated 1 hour ago
Apr 8 2009 | 5:07am ET
Last week’s Group of 20 summit failed to produce agreement on tough new regulation of hedge funds, but Germany isn’t giving up.
The leaders of Europe’s largest economy have long pushed for international hedge fund regulation and oversight. But the rules proposed at the G-20 meeting in London and by the European Union leave much to be desired in German eyes.
Peer Steinbrück, the country’s finance minister, called for strict restrictions on leverage and greater disclosure of risks.
“The EU proposal contains good ideas, but it doesn't go far enough,” he told the Taz newspaper. “I want to force the funds to use more of their own money when doing business and to keep risks on their books.”
Meanwhile, British regulators are preparing to increase their oversight of that country’s hedge fund industry, the second-largest in the world after the U.S.
The Financial Services Authority told CityWire that it expects to handle hedge fund regulation in the U.K. Monitoring the industry “would be nothing new to us,” a spokesman assured.
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…