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...respect similar rules. But while U.S. efforts are underway to bolster the policing of hedge funds - and the meaning of equivalent regulation is still to be defined at the E.U. level - as it stands, "regulatory equivalence between the United States and European countries does not exist," says Andrew Baker, CEO of AIMA. "As of the date of introduction of that measure, you would have a lock out of all American managers from the European Union." That limits investors' choice, Baker says, especially since almost all E.U.-based managers market funds domiciled outside the region. (Read: "Is the Stock Market Cheap...

Author: /time Magazine | Title: Should Hedge Funds Face Harsher Regulation? | 7/8/2009 | See Source »

...Pakistan's Media Re Aryn Baker's essay "Casualty of War" [June 1]: My newspaper, the News International, published by the Jang Group of Newspapers, has been accused of publishing rumors reported as facts, which Baker says is an epidemic in Pakistan. I take strong exception to her observation. She herself has misreported facts while referring to the News. She reports that we published an unbylined story. The fact is that we reproduced a bylined story from Fox News written by Rowan Scarborough, who is also a writer of two books. Our 1,090-word story had 657 words...

Author: /time Magazine | Title: Inbox | 6/22/2009 | See Source »

...Boston Symphony at Tanglewood or tour The Mount, the home of Edith Wharton. The Gateways's innkeeper, Fabrizio Chiarello, keeps a collection of more than 200 single-malt whiskeys in the hotel's restaurant and bar, and his wife, Rosemary, who runs the restaurant, is an award-winning baker. Other foodie gems: sushi restaurant Fin (27 Housatonic Street; 413-637-9171), which serves only sustainable seafood, and across the street, Scoop, which dishes out ice cream made with milk from local dairy cows. Rates at the Gateways start at $160 per night, including breakfast. 51 Walker Street, Lenox...

Author: /time Magazine | Title: Quintessential Summer: 8 Outdoor Getaways | 6/9/2009 | See Source »

...Harvard Business School yesterday as part of HBS’ Class Day festivities. Both Dimon and student speaker Thomas C. Rajan struck melancholy tones in their remarks, emphasizing the need for greater reflection and responsibility among business executives in the current economic climate. The event was held on Baker Lawn in the afternoon, and light rain periodically fell as students and their families gathered to honor HBS professors, present the class gift, and celebrate the conclusion of their studies. Following brief remarks by Dean Jay O. Light, student Deirdre-Ann L. Perry introduced the concept of Class Day, saying...

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITER | Title: CEO Stresses Responsibility | 6/3/2009 | See Source »

DIED Some nights he was Frank Sinatra, other nights he was Anita Baker, but Danny Gans, 52, a Las Vegas Strip impressionist and singer, always entertained his adoring fans. Five nights a week, 46 weeks a year, Gans crooned comedic songs to Sin City visitors...

Author: /time Magazine | Title: Milestones | 5/18/2009 | See Source »

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