Germany Pushes Tougher Hedge Fund Regulation

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.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.