Monday, 29 December 2014
Last updated 3 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.