News: Italian hedge fund ban would have no effect on pensions

A ban on hedge funds is unlikely to affect the Italian institutional market, according to experts. Recent comments from Italian economy minister Giulio Tremonti indicated that he would like hedge funds to be banned in the country. Calling hedge funds "crazy bodies that have nothing to do with c...

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Bibliographic Details
Published in:EPN: European Pensions & Investments News 2008-10
Main Author: Anderson, Spencer
Format: Article
Language:English
Subjects:
Bans
Hedge funds
Pension funds
Pensions
Public officials
Online Access:Get full text
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Summary:A ban on hedge funds is unlikely to affect the Italian institutional market, according to experts. Recent comments from Italian economy minister Giulio Tremonti indicated that he would like hedge funds to be banned in the country. Calling hedge funds "crazy bodies that have nothing to do with capitalism", he called for a discussion on their abolition. However, industry insiders have said that this is unlikely to happen and would not affect Italian pension funds,which are currently prohibited from investing in hedge funds.
ISSN:1462-7973