Monday, 30 March 2015
Last updated 3 hours ago
Apr 24 2009 | 11:39am ET
The European Union’s planned hedge fund regulation regime is under siege from both sides. While left-leaning lawmakers have blasted the proposal, set to be made public next week, as full of loopholes, the hedge fund industry itself is no happier with it.
The Alternative Investment Management Association, the lead hedge fund lobby in Europe, said it was “very concerned” about the several delays in issuing the directive—it is now due on Wednesday—and that it has been “rushed through… without anything like the usual standards” of consultation.
“We are also concerned that the process of drafting the directive has been subjected to undue political pressure,” Florence Lombard, AIMA’s executive director, said.
The private equity industry, which will also be covered by the European Commission directive, also blasted the plans.
“A process, which should usually take many months, has been reduced to mere weeks,” Tim Hames, a spokesman for the British Private Equity and Venture Capital Association, told Reuters. “Consultation with the private equity industry has been non-existent and the political motivations for the proposal seem to far outweigh any economic motives.”
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…