Hedge fund rules pushed through by EU
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EU finance ministers yesterday approved new draft regulations under the alternative investment fund manager directive aimed at tightening the hedge fund and private equity industry.
George Osborne bowed to pressure on the EU directive on his first visit to Brussels as UK finance minister. Talks will begin on May 31 with a view to outlining a concrete set of rules before the August break.
EU ministers agreed to note the concerns expressed by the UK which hosts about 80 per cent of Europe’s hedge fund industry.
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