Germans To Seek Hedge Fund Transparency At G8

Dec 14 2006 | 12:45pm ET

Under the presidency of Germany—where hedge funds are about as popular with politicians as the draft is in the U.S.—the Group of Eight industrialized nations will tackle hedge funds, Deputy Finance Minister Thomas Mirow said.

“What we would like to know is, are there systemic risks, yes or no, and if so, what could we do to deal with it in a reasonable manner,” he told reporters yesterday.

International regulation is not necessarily in the cards, Mirow said, as G8 countries consider coordination to promote hedge fund transparency.

“All over the world, people who are in charge of the stability of the international financial system are dealing with the problem” of hedge funds, he said. “There is a sufficient amount of experts saying we should have a closer look at it so as to prevent a possible crisis.”

Last year, Mirow’s boss, German Finance Minister Franz Müntefering, famously blasted hedge funds as “locusts.”

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…