Friday, 27 March 2015
Last updated 18 min 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…