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...
View ArticleHSBC 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...
View ArticleSarkozy urges clampdown on hedge funds, offshores
Reuters – President Nicolas Sarkozy called at a European Union summit on Wednesday for a clamp-down on hedge funds and offshore centres as part of efforts to better regulate the world financial system....
View ArticleFrance to call for hedge fund crackdown
Focus Infomation – France on Friday will press for tighter controls on hedge funds, urging other big industrialised nations to strengthen regulation of the industry and compel banks that lend them...
View ArticleGermany calls for tougher EU hedge fund plan
Reuters – European Union proposals for the regulation of hedge funds should go further in forcing them to use more of their own capital and reflect risks on their books, German Finance Minister Peer...
View ArticleHedge 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...
View ArticleSwitzerland – 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...
View ArticleMyners 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...
View ArticleHedge 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...
View ArticleGroup 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...
View ArticleEU 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...
View ArticleIs 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...
View ArticleMEP 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...
View ArticleUS 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...
View ArticleEU 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....
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