Posts Tagged ‘Greece
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 [...]
Hedge funds bet on Greek debt default, Germany “Can’t Confirm” Hedge Fund Clampdown
In response to Greece’s economic troubles, this month hedge funds have raised their bets on Greece’s economic woes by shorting its bonds or buying default protection. According to the New York Times, the country has been in economic turmoil since the new Socialist government revealed in October 2009 that the budget deficit would hit 12.7% [...]
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