Hedge funds up in arms over new rules

(The Source-WSJ): An initial vote by the European Parliament late Wednesday on new regulation for hedge funds and private equity suggests that both industries will be subject to much more onerous disclosure, monitoring and capital requirements. JURI the legal affairs committee of the EU Parliament, said that portfolio companies owned by private equity and venture capital firms should disclose their development progress and divestitures which industry players say will disadvantage companies and give commercial rivals a competitive edge.