Posts Tagged ‘AIFM Directive
E.U. Moves Ahead with AIFM Directive Legislation
On Tuesday, E.U. finance ministers approved plans to reign in hedge funds with tough new oversight rules, overriding the objections of the UK (and, more specifically, the City of London), where some 80 percent of European hedge funds are estimated to be based. The proposed legislation aims to subject so-called “alternative investment funds” to greater [...]
Thoughts on the Goldman Fraud Charges
In addition to the charges from the SEC, Goldman is now facing charges in Britain and additional scrutiny in Germany. With all of this going down while we await the passing of new hedge fund legislation in both the E.U. and the U.S., we have to ask ourselves, if the AIFM directive passes and if [...]
Oh, Canada… AIMA Finally Decides to Oppose E.U. AIFM Directive
So it appears that Canada finally woke up and realized that the AIFM drama that’s been dominating the European stage for the past little while just might have an impact on its own burgeoning hedge fund industry which manages about US$25 billion according to FINalternatives. A little late to the party, but better late than [...]
Big Pay Days for Some
In the words of the infamous, fictional Gordon Gekko, “Greed is good.” But in this economic climate, the kind of money that hedge fund managers are raking in seems almost… wrong. Especially since many of the top-earning hedge funders pay day has hinged on what the New York Times has quite accurately called a “Lazarus-like [...]
Obama Calls G20 to Act on Financial Reform
In a Monday letter to the G20 which can be read on the Huffington Post, President Obama laid out several key components of his push for international financial reform and called for the the group of nations to “lead by example.” The G20 are set to convene in Toronto in June where, after a long [...]
Lawmakers Say UK Won’t Delay AIFM Rules Long
According to a Bloomberg report, the temporary reprieve granted to the UK by European Union finance ministers decision last week to postpone talk of the final wording of the Alternative Investment Fund Managers Directive, which would force funds based outside the E.U. to comply with restrictions on bonuses and leverage if they want to market [...]
E.U. Hedge Fund Reform Stalled For Now
Tuesday’s meeting of the European finance chiefs in Brussels resulted in an unsurprising stalemate over proposed Alternative Investment Fund Manager legislation to place restrictions on hedge fund activity in the E.U., an E.U. official said. The AIFM legislation was set to be vote upon by the Economic and Financial Affairs Council (Ecofin), but the item [...]
Loading ...