Monday, 22 September 2014
Last updated 2 days ago
May 11 2009 | 7:19am ET
The head of the U.S. House Financial Services Committee has reiterated that it is only a matter of time before hedge funds are forced to register with the Securities and Exchange Commission.
Rep. Barney Frank (D-Mass.), the chairman of the powerful panel, told the Financial Industry Regulatory Authority that he expects Congress to give the SEC that power shortly. His comments echo ones he made to a financial regulation summit in Washington late last month.
“I do believe soon we will give the SEC authority over hedge funds, forcing them to register,” he said Friday.
The SEC had imposed a registration requirement on hedge funds in 2005, but it was struck down by the courts. At the time, hedge fund managers howled at the move; now, the Managed Funds Association, the largest hedge fund lobby in the U.S., says it will support registration.
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.