Hedge fund ID card

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The European Parliament last month passed proposals for a European Union-wide passport for hedge funds, aimed at encouraging the industry back onshore. The Parliament adopted the report by 344 votes for, 69 against and 24 abstentions.

Members of the European Parliament have been calling for an EU-wide regulatory regime across all 15 member states to accommodate sophisticated alternative investment vehicles, which include hedge funds and funds investing in property, currencies and commodities.

John

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