Bank Of England Opposes Hedge Fund Plan

Jan 8 2007 | 12:12pm ET

As some of the world’s financial regulatory bodies rush to rein in hedge funds, the Bank of England is throwing its support behind a voluntary, light-touch approach.

While Germany is expected to push for an international register of hedge fund positions, as well as requiring strategy ratings from independent agencies—positions supported by the European Central Bank—the BoE favors a voluntary code of conduct to encourage transparency and better governance, The Guardian reports.

According to the newspaper, the Bank—which is not the U.K.’s financial regulator; the Financial Services Authority holds that power—fears any heavy-handed regulation will drive hedge funds from Mayfair to less-regulated jurisdictions. The Guardian reports that the BoE said any code of good practice should be driven by the hedge fund industry itself.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.