Tag Archives: lawmakers


No hedge fund now poses systemic risk-LTCM partner

June 2, 2009 : Permalink

Guardian.co.uk – No single hedge fund today poses a systemic risk to the global financial system, said a former partner at Long Term Capital Management (LTCM), as lawmakers continue to hammer out rules to control the industry. Even though many […]

SEC needs hedge fund authority-Schapiro

April 29, 2009 : Permalink

Guardian Unlimited – The U.S. Securities and Exchange Commission needs authority to require hedge fund advisers to register with the agency plus the power to examine funds’ books, the agency’s chairman said on Tuesday. U.S. lawmakers are working to give […]

Obama to prod credit card firms on fee practices

April 23, 2009 : Permalink

Reuters – President Barack Obama will weigh in on Thursday on the lending practices of U.S. credit card companies, an issue that has triggered an outcry from consumers hit with high fees and interest rates. Obama has joined a push […]

Hedge Fund Managers With Largest Portfolios Face EU Regulation

April 9, 2009 : Permalink

Bloomberg – Hedge fund managers who run the largest 15 percent of portfolios in the European Union would have to report risks, debts and trading activities to regulators under a draft proposal to tighten oversight after the financial crisis. The […]

Obama tries to temper furor over AIG bonuses

March 24, 2009 : Permalink

Associated Press – President Barack Obama is trying to dampen a fire he once stoked, urging a more tempered response to public furor over bonuses paid to executives of the publicly rescued insurance giant American International Group. Obama is virtually […]

U.K.’s Prince Charles Targeted by Madoff Marketer, Witness Says

February 6, 2009 : Permalink

Bloomberg – Britain’s Prince Charles, among other royalty and wealthy Europeans, were targeted through Bernard Madoff’s use of high-profile recruiters, said whistleblower Harry Markopolos in documents given U.S. lawmakers. Prince Michael of Yugoslavia was an executive of a so- called […]

Madoff scam may spark tightening of hedge rules

December 29, 2008 : Permalink

Evening Standard – Veterans of the secretive $1.5 trillion (£1 trillion) industry say the $50 billion Madoff fraud could bring about sweeping changes in the way the authorities monitor activity. "This is an Enron moment for hedge funds," said Peter […]