The spotlight swings

Over the past year, the hedge fund sector has been quick to heap opprobrium on plans by supervisors in the US, the UK and elsewhere to regulate their market. Less noticed, however, is that some regulators now appear to be setting their sights on the private equity market. While any prospect of greater regulation in private equity is some way off, industry bodies have been quick to try to pre-empt any change to its essentially unregulated status.

The UK's Financial Services Authority (FSA) cur

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