US House of Representatives has voted to pass a bill that would give the SEC and the Federal Reserve the power to regulate compensation at private firms with more than $1 billion in assets. The wording of the proposed law excludes most private equity firms, however.
US legislators want regulators to determine if certain structures encourage undue risk taking at finanical firms with more than $1bn in assets.
After paying A$547 million to the mother ship, Macquarie Airports is taking its management in-house, leaving little hope for other externally managed ‘satellite funds’ to stay in orbit, argues Cezary Podkul.
Placement agents have formed a loose coalition in the US, as the SEC considers barring state pensions from interacting with them.
The Pension Benefit Guarantee Corporation has revoked contracts with BlackRock, Goldman and JPMorgan after concluding the former head of the federal body may have tainted the bidding process.
The world’s largest manager of infrastructure assets says it expects its half-year profit to grow even as Macquarie Capital, its investment banking division, continues to show weak results.
Two separate private equity lobbying groups – the PEC and the NVCA – are supporting divergent policies with regard SEC registration.
By manipulation of data sources and vintage year methodology, the vast majority of fund managers could place themselves in the coveted ‘top quartile’ performance category, a study has found.
The government wants to make investing in New Zealand simpler, faster and less expensive for foreign investors.
David Snow details the forces arrayed against the sacred 20 percent performance fee.
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