4 Amendments of Kyriacos TRIANTAPHYLLIDES related to 2007/2238(INI)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Stresses that, from the macroeconomic point of view, hedge funds and private equity (HFs & PE) represent welcome additional investors at a time when economic structures are experiencing ever more substfinancial speculation and financial innovation must be curbed in order to prevent systemic finantcial change at an ever- increasing pace, but that thisrisk; points out that hedge funds and private equity are a type of alternative investment which is unregulated; stresses, in addition, that lack of scrutiny and excessive profit- seeking are solely at the expense of employees and/or other third parties;
Amendment 7 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Points out that private equity funds already destroyed thousands of jobs in recent years by taking over and dissecting economically viable companies just for the goal of a higher return on investment for the funds' shareholders; considers that the resulting destabilisation of employment demonstrates that such activities of private equity funds in no way constitute an effective and efficient way of investment;
Amendment 8 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Points out that private equity funds in recent years took over social housing or cooperative housing on a grand scale and converted rented flats into condominiums; stresses that these activities considerably reduced the availability of affordable or social housing and contributed to increasing social exclusion;
Amendment 18 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Points out that pension funds, and especially occupational pension funds, must not be allowed to invest in hedge funds and private equity, because these unregulated forms of alternative investment implicate a high degree of financial risk and failure of such funds would negatively affect the pension entitlements of the pension schemes' members; considers that Directive 2003/41/EC on the activities and supervision of institutions for occupational retirement provision must be reviewed accordingly;