Tag Archives: working-group
Hedge funds seek to head off regulation
The Independent – Three major European and US hedge fund groups yesterday pledged to work towards worldwide best practice standards after G20 ministers outlined plans to regulate the freewheeling sector. The London-based Alternative Investment Management Association and US counterparts the […]
Global Task Forces To Target Short Sales, Hedge Funds
EasyBourse.com – Global securities regulators have formed three task forces targeting short selling, hedge funds and unregulated financial trading, in an effort to take "urgent action" to coordinate responses to current market turmoil, Securities and Exchange Commission Chairman Christopher Cox […]
Soros, Falcone Defend Hedge Funds at House Hearing
Bloomberg – Hedge-fund managers including George Soros and Philip Falcone, in an unprecedented appearance before Congress, defended their practices and profits while splitting over whether the U.S. should impose stricter regulations. "This is not a case where management takes huge […]
Hedge funds back short selling ban
Sydney Morning Herald – The hedge fund industry says it supports federal government plans to ban naked short selling and impose a disclosure regime for covered short selling. The Australian arm of the Alternative Investment Management Association (AIMA) said the […]
MEPs demand unprecedented openness from hedge funds
Guardian.co.uk – MEPs will call tomorrow for EU legislation to force private equity groups and hedge funds to disclose unprecedented amounts of information about their activities. The demand for tougher regulation comes as private equity groups are warning that the […]
Europe’s MPs push for hedge fund transparency
Times Online – The European Parliament will support calls tomorrow for Europe-wide legislation aimed at making the inner workings of hedge funds and private equity more transparent. The proposals – championed by Poul Nyrup Rasmussen, the Socialist MEP and a […]
Major hedge fund set to leave London for lower Swiss taxes
Evening Standard – Krom River, which has £453 million in assets, said it was moving to Switzerland, known for its low tax regime. The fund is one of the few to perform well in the credit crunch and would see […]
Hedge funds get a new cop
Wealth Bulletin – The UK’s financial regulator has hired Australian Andrew Crain to head up the team that oversees the roughly 40 largest hedge fund managers that operate in the UK. Crain, a former regulator in his home country, assumes […]
Hedge funds prove slow to adopt best-practice valuation
Wealth Bulletin- In January, 14 of the UK’s largest hedge funds, including Man Group, Brevan Howard and Gartmore, backed the Hedge Fund Working Group’s best-practice standards. These aim to improve governance and disclosure and to promote transparent and independent valuation. […]
Hedge funds to back £4.5bn Barclays issue
Financial Times- Several of London’s largest hedge funds are backing Barclays’ £4.5bn ($8.9bn) capital increase, underscoring the complex roles they are playing in the recapitalisation of the UK banking sector. GLG Partners, Lansdowne, CQS and Och-Ziff have all agreed to […]
