Wednesday, 1 April 2015
Last updated 7 hours 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.”
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…