Tag Archives: european-union


HSBC Faces Madoff-Linked Repayment Claims in Dublin

Bloomberg – HSBC Holdings Plc, Europe’s largest bank, is facing lawsuits in Ireland by investors faulting the lender for how it performed as custodian for money lost in Bernard Madoff’s $65 billion Ponzi scheme. A Dublin court may rule tomorrow […]

U.K. Church Is Unlikely Defender of Hedge Funds

WSJ – The Church of England has emerged as an unlikely defender of the hedge-fund industry against the prospect of new regulations from the European Union. Only last year, the Archbishop of York was calling hedge funds “bank robbers” for […]

EU Law May Cost Pension Industry Billions of Euros, AIMA Claims

Bloomberg – The European Union’s plan to regulate hedge funds will cost the bloc’s pension industry about 25 billion euros ($36 billion) a year, the Alternative Investment Management Association said. The proposed law would drive pension funds toward more traditional […]

US enters Europe’s fund debate

The Australian – The move wades the US into a fierce battle between the UK and other parts of Europe over how tough regulation should be. Some nations, led by Germany and France, are calling for wholesale regulation of financial […]

MEP says hedge fund law needs refining

Reuters UK – A draft European Union law that will require hedge fund managers to be authorised needs refining to cover other types of alternative investments better, a senior MEP said on Tuesday. The Alternative Investment Fund Managers law is […]

Is the sun setting on London’s financial reign?

Globe and Mail – Paris, so far, has emerged as the most serious challenger. But Mr. Sarkozy may be his own worst enemy on this file. The reason: He and his German allies are wholesale supporters of the European Union […]

EU assembly flexes muscles, fast reforms may be hard

Reuters AlertNet – The newly elected European parliament starts its five-year term on Tuesday in a combative mood which could slow the passage of laws intended to fight Europe’s worst economic crisis in decades. At its first session since an […]

Group Backs Mandatory Hedge Fund Registration

New York Times Blogs – The compulsory registration of hedge fund managers was backed by a global regulatory body on Monday in an effort to restore investor confidence. The International Organization of Securities Commissions, representing regulators from more than 100 […]

Hedge Funds’ ‘Dangerous Opponent’ Rasmussen Pushes EU Crackdown

Bloomberg – Buyout firms and hedge funds, “Read my lips: You’re going to have regulation.” So says Poul Nyrup Rasmussen, the Socialist Party president who conducted a two-year campaign for the first European Union regulations governing so-called alternative investors. Hedge […]

Myners pledges vigorous campaign against EU hedge fund curbs

Wealth Bulletin – Paul Myners has vowed to fight “tooth and nail” to revise a directive from Brussels that would give the European Union the power to set limits on how much hedge funds are allowed to borrow. The draft […]

Switzerland – a hedge fund haven?

World Radio Switzerland – Several major hedge funds in London say they’re considering moving abroad, notably to Switzerland. They are angered by a proposition from the European Union that would require more accountability and limit the amount of money they […]

Hedge Fund Managers With Largest Portfolios Face EU Regulation

Bloomberg – Hedge fund managers who run the largest 15 percent of portfolios in the European Union would have to report risks, debts and trading activities to regulators under a draft proposal to tighten oversight after the financial crisis. The […]

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