Sat, Mar 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Laurence Fink notes shift in U.S. regulator’s focus to product regulation

Thursday, June 19, 2014

Komfie Manalo, Opalesque Asia:

Market regulators in the U.S. are shifting their focus and are adopting BlackRock Inc.’s strategy to concentrate on products rather than on asset managers, claimed Laurence D. Fink, chief executive officer of the world’s biggest money manager.

He was quoted by Bloomberg as saying, "We’d been a huge advocate and we had many conversations with many regulators about the need to focus more on product regulation." Speaking at BlackRock’s investor conference in New York, Fink noted that "regulators are being refocused" on products.

He said this refocus on regulation has significant implications on the hedge fund industry.

BlackRock has been lobbying Congress not to label the firm as a systemically important financial institution, or SIFI. This, as a group of regulators comprising the Financial Stability Oversight Council, led by Treasury Secretary Jacob J. Lew, is studying if they will designate asset managers for oversight by the Federal Reserve.

In May, BlackRock has called on regulators to set best practices for the way funds are structured globally and to review investor redemption rules in different markets.

BlackRock's suggestions come as regulators in the U.S. ......................

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner