Tuesday, 21 October 2014
Last updated 1 hour ago
Aug 4 2009 | 12:56pm ET
The European Commission knew it couldn’t please everyone with its proposed hedge fund regulations. But it seems to have pleased no one.
The latest to lobby against the strict new rules on European alternative investments are British pension funds. The National Association of Pension Funds is warning that the restrictions as currently written—although it has since become clear that they will be watered down before becoming law—would cut into pension returns and hurt their affordability.
“The directive, if passed in its current form, will reduce investment choice and mean that the return pension schemes can get for any level of risk will be reduced,” Joanne Segars, head of the NAPF, told Reuters. “Even a small reduction in returns will have an impact on the affordability of defined-benefit pension schemes.”
The pensions funds are just the latest to join British government-backed efforts to make the European Union’s hedge fund legislation less onerous. Others include the U.S. government and, unsurprisingly, the hedge fund lobby.
The draft law includes leverage limits and strict new reporting requirements for hedge funds. But the head of a key European Parliament committee has said the proposals will be made more palatable, and Financial News reports today that the EU is expected to drop two key aspects of its plan in response to concerns from the British Treasury.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...