E.U. Could Trim Bank Bonuses
E.U. banks could soon find themselves regarded in much the same way as power or water companies: entities that keep society functioning but pretty much stay in the background.
No-Action for Master-(Middle)-Feeder Structure
WASHINGTON (HedgeWorld.com)--The U.S. Securities and Exchange Commission's division of investment management has issued no-action relief assuring a Caymans company that its involvement as the middle tier in a three-tier master-feeder arrangement won't cause that unit to recommend that the SEC take enforcement action under the Investment Company Act of 1940....