Thursday, 18 September 2014
Last updated 5 hours ago
Apr 22 2009 | 9:32am ET
Leftist members of the European Parliament are blasting the European Commission’s soon-to-be-proposed hedge fund regulation, with their leader calling it “almost worthless.”
In a letter to EC President José Manuel Barroso, Poul Nyrup Rasmussen, the former Danish prime minister who leads the Party of European Socialists, said the proposed rules, which will be officially unveiled on April 29, were “filled with loopholes” and would be “highly ineffective.”
Rasmussen promised that hedge fund regulation would be a major issue in June’s elections to the European Parliament.
Despite the protests, the EC said it would move forward with plans to publish the proposals next week.
“The finishing touches are being put to the proposals,” EC spokesman Pia Ahrenkilde Hansen said.
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.