European Parliament votes for new hedge fund rules (Headlines)
Members of the European Parliament have voted 513 to 92 in favour of new rules that will regulate hedge funds and private equity funds on a pan-European basis for the first time.
Tudor, Pickering, Holt to start new hedge fund (Headlines)
Tudor, Pickering, Holt & Co. LLC, a boutique investment and merchant bank focused exclusively on energy, has tapped Citadel Asset Management's global sector head of energy and utility equities, Paul Chambers, to run a new hedge fund, according to a person familiar with the situation.
Majority of EU countries favour passports for hedge funds (Headlines)
A ??large majority? of European Union countries are in favour of creating pan-EU marketing rights or ??passport? for hedge funds and managers based outside the 27-country bloc, Belgian??s finance minister said on Tuesday, as discussions over controversial new rules for the sector continues in Brussels. Currently funds must apply to each country individually to sell to investors.