Wed, Nov 26, 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

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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to