Hedge Fund rules to change
(FT.Com): Controversial draft regulations for hedge funds will be substantially amended, the new head of the European parliament’s economic and monetary affairs committee has told the Financial Times. Sharon Bowles, British MEP and new chair of the committee, said European pension funds and institutional investors faced “excommunication” from global capital markets if the draft directive on alternative investment funds was implemented unchanged. The proposals, drawn up amid public and political anger over the risks taken by some financial institutions that led to the crisis, have drawn the ire of Hedge Funds and financial centres around the world.
Category: Business
