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...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 or Expensive...
...this time, O'Brien has been indicted but not arrested, Pierre said, adding that O'Brien will be arraigned in Middlesex Superior Court at a to-be-determined date. There, he will appear before a judge to face charges and enter a plea of guilty or not guilty. Pierre said that the Attorney General's Office has not yet received any communications from an attorney representing O'Brien...
...running of the bulls began as a way to move bulls from Pamplona's corral to its bullfighting ring. The animals would run the roughly half-mile stretch as children and adults herded them with shouts and sticks. The practice may date back as far as the 13th century, but it is known to have continued virtually uninterrupted since 1592, when the festival was moved from September to July. People are thought to have joined the herd sometime in the 1800s. (See pictures of Spain's Semana Santa festival...
TRIGGERED A public plan would kick in at a future date if private insurers did not sufficiently expand coverage and lower costs to certain mandated levels...
Smith said Sweet told him of the news “just recently,” sometime during June, but he declined to provide a precise date. The news came as a surprise, Smith said, adding that despite the FAS leader’s best efforts to convince Sweet to stay, the finance dean stood firm...