White & Case LLP opened an office in Madrid with the addition of partner Juan Manuel De Remedios, the former chairman of Latham & Watkins LLP’s corporate department in Spain. De Remedios, who will be joined by a local partner and a team of associates, will be the Madrid office executive partner.
The European draft rule to tighten hedge-fund regulations may hurt the industry in Asia as managers lose access to investors in the Europe Union, said Andrew Baker , who helms the industry’s largest trade group.
A group representing hedge funds urged policy makers against imposing “radical curbs” on credit-default swaps after a European Commission report found trading in the instruments didn’t trigger Greece’s financial crisis.
The largest hedge fund trade group plans to meet with U.K. regulators about proposed rules on pay, saying British firms don’t “encourage the reckless and short- termist behavior the bonus culture has created elsewhere.”