Hedge funds unsure over Basel III impact

At least a quarter of hedge fund managers globally have no idea whether incoming capital requirements emanating out of Europe will have a major impact on their business. The Basel III regulations, not due to be fully implemented until 2019, require banks to have risk-based capital and leverage ratios of at least 10.5% and 5% respectively. It would likely mean that banks would be less willing to lend money to hedge funds seeking to buy illiquid securities that they may hold on thei…