Sat, Apr 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

As the US expresses worry about hedge fund protectionism in Europe, domestic regulators may inflict more damage

Wednesday, April 14, 2010

From Kirsten Bischoff, New York:

While Tim Geithner has expressed his concern over European regulation that will make it difficult for US hedge funds to compete in EU countries, hedge fund managers in the US are just as concerned about the scope of proposed domestic regulation. The fear for US managers is that the swinging pendulum will be pushed by political agendas and the final regulations aimed at the industry will be more costly than beneficial to both managers and investors.

"The SEC is an agency under fire. You put that together with broad new authority and many people think the SEC will be looking to redeem itself and that may result in overregulation," says Mitch Nichter, partner in the Investment Management Practice at international law firm Paul Hastings.

Most managers are resigned to the fact that hedge fund registration will become the rule. In fact, many have come to embrace the fact that registration and a certain level of additional regulatory oversight may be one of the best ways for US hedge funds to rehabilitate their image.

Although hedge fund performance has been strong over the past year and February brought inflows of $16.6bn (according to BarclayHedge), US hedge funds can now only boast 60% of market share (a number that has continued to decline through the past decade). "We're losing market share," Vince......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably