NOTE! This site uses cookies and similar technologies.

If you not change browser settings, you agree to it. Learn more

I understood

Understanding how and why we use cookies

We use cookies on our website (firstconinvest.com) to create the most effective website possible for our users. Among other things, the cookies we use allow us to improve your experience when using our website and to ensure the website performs as you expect it to.

This Cookie Policy explains what cookies are, how we use them on Firstconinvest.com and what benefits they bring.

On local websites which are linked from this site, cookies may be used to allow you to log on to your hedge fund account, choose log-in preferences, and apply for products and services online and use financial tools. Please bear in mind that Firstconinvest Group members will have their own privacy and cookie policies that will govern their use of cookies on local sites and any information you submit on a local site. Please read carefully any local site and/or product terms and conditions before using the local site or product.

As you may be aware, recent legislation requires websites to gain visitors' consent to use certain cookies. As a group, Firstconinvest is working to implement appropriate changes to its websites as soon as possible.

  • This email address is being protected from spambots. You need JavaScript enabled to view it.
Sell Private-Equity, Hedge Fund Stakes

The Federal Reserve on Thursday said it would give banks two more years to sell private equity and hedge fund stakes covered by the Volcker rule, a win for banks who had requested more time to unwind positions.

The Fed move effectively extends from July 2015 to July 2017 a deadline by which banks would have had to sell the fund investments, which are barred under the rule’s restrictions on bank trading. The move will “reduce the potential disruptive effects that significant divestitures of covered funds could have on markets,” the Fed said in an order announcing the change.

Since the Volcker rule was adopted a year ago, banks have been pressing regulators for a multiyear delay of the requirement for them to pull out of private equity and other funds. Firms such as Goldman Sachs Group , Inc., Morgan Stanley, and J.P. Morgan Chase & Co. will benefit from Thursday’s news. Goldman alone has about $7 billion invested in private equity, according to a November regulatory filing.

Stock Data

An error occured during parsing XML data. Please try again.

Hot Articles

Why Choose Hedge Funds ...
There are a variety of reasons to include hedge funds in a ...
Read more
Alternative investments ...
According to the financial market, more financial advisors ...
Read more
About real estate hedge ...
real estate hedge funds
Real estate hedge funds enjoy the unique freedom of ...
Read more
Apply here for your free Firstconinvest hedge fund account!