Saturday, 20 December 2014
Last updated 1 day ago
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.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.