Proposed short selling disclosure regulations announced in the week before last by the European Commission (EC) are too stringent and threaten market efficiency in a general sense. Specifically, implementation of the regulations as currently drafted would be very damaging for larger hedge fund groups. Shorting and Market Efficiency Hedge funds, along with proprietary trading capital, […] Read more »
The Hedge Fund Registration Act Ensnares Non-US Funds
Up to now overseas-based investment advisors to offshore hedge funds did not have to register with the SEC. It used to be that the American system of fund regulation was based on regulating the products that were sold, rather than the firms carrying out the business. The old form of regulation was about mitigating mis-selling […] Read more »
Galleon Edge Illegal, But Information Flows to Hedge Funds Can Be Important
The information that hedge fund groups use is a topic that comes into and out of focus. Recently it has been in the spotlight because of the Galleon-related indictments, but it has been a live issue as far back as Ivan Boesky’s advanced receipt of deal-flow information in the mid 1980’s. Over the years the […] Read more »