Thursday, 18 September 2014
Last updated 2 hours ago
Nov 28 2006 | 2:17pm ET
A million bucks just won’t cut it anymore if Securities and Exchange Commission Chairman Christopher Cox gets his way.
In an open meeting set for 10 AM Monday, the Commission is set to tackle the definition of “accredited investor,” the only people who are allowed to put their cash into hedge funds. Currently, $1 million in liquid assets are required to make the grade, but following a federal court’s tossing of his agency’s hedge fund registration requirement, Cox went on record favoring an increase. Numbers bandied about range from assets of $1.5 million to $2 million before you’re allowed to invest in hedge funds.
The SEC will also consider several other issues relevant to hedge funds, including tighter anti-fraud rules and amendments to rules dealing with short-selling and market manipulation in initial public offerings.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.