Hedge funds back under attack

Greater regulation for hedge funds is on the agenda again, just when it seemed that both the EU and the US would defer to looser, more principles-based regulations in relation to hedge funds. However, spurred by a paper released by CEPS that forecasts the need for unified oversight of fund managers, a group of socialist MEPs, led by former Danish prime minister Poul Nyrup Rasmussen, has called on the European Commission to take action on hedge-fund regulation. They claim that the industry's

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