Audio: Hedge funds face funding squeeze under Vickers report recommendation
UK-based hedge fund management companies could have problems accessing working capital if a provision in the ring-fencing chapter of the Independent Commission on Banking (Vickers report) stands
Hedge fund management companies could be squeezed for working capital if a provision in the UK Independent Commission on Banking (ICB) stands.
The provision says ring-fenced banks will only be able to lend to non-financial companies. This would exclude a number of small and medium-sized businesses such as insurance companies, pension funds, asset managers, broker/dealers and hedge funds – basically most of the businesses making up the financial sector other than lawyers and accountants.
As most
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