Hedge Fund News From HedgeCo.Net


Hedge fund firm opens EU fund to keep insurance client

Reuters – Hedge fund firm Finisterre Capital has launched an EU-regulated fund after one of its insurance clients threatened to pull out its money from an existing fund because new industry rules will make it more expensive to invest in unregulated products.

The European Union’s proposed Solvency II capital rules for insurers, due to come into force in 2016, are expected to require companies to set aside more capital when investing in hedge funds that are registered offshore in places like the Cayman Islands and not regulated by the EU, the structure used by most hedge fund firms.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply