Opalesque Exclusive: EU moves on MiFID II, banking union... [more]Bailey McCann, Opalesque New York: The European Union has approved moving into the second phase of its Markets in Financial Instruments Directive (MiFID) regulation which handles market structure issues, these new rules will have implications for high frequency trending and derivatives. In additi
Former Soros team to start $150m Hong Kong-based hedge fund... [more]From Reuters.com: A former Soros Fund Management team will start a Hong Kong-based hedge fund in the third quarter of 2014 with at least $150 million in initial capital including seed capital from HS Group, making it one of the biggest start-ups in the region this year.
Co-founded by Kenneth L
University of Michigan allocates $242m to six managers... [more]From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act
North America – Ralph Nader predicts survival of Fannie Mae and Freddie Mac... [more]From Washingtonexaminer.com: Long-time consumer advocate and perennial presidential candidate Ralph Nader predicts that bailed-out mortgage businesses Fannie Mae and Freddie Mac will survive legislative attempts to disband them. That would be a good outcome in Nader's view. He has become the improba
Europe – No warm EU welcome for U.S. hedge funds... [more]From eFinancialnews.com: As the deadline nears for an EU directive intended to enhance the protection of European investors, it is becoming clear that it will, instead, curtail their access to lucrative opportunities in the US as hedge funds based there choose not to comply. Many US hedge funds are
Niche Investing – Wealthy investors flock to fine art funds... [more]From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit.
…And Finally – Flight attendant has passengers rolling in aisle... [more]From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online.
More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.