Hopes rise of compromise deal on hedge fund rules

Preview and reports of discussion at the EcoFin Council, Brussels, 16 March 2010 on the Proposal for a Directive ... on Alternative Investment Fund Managers (AIFM).

Article reports that there was pressure for a compromise deal, which would reduce British opposition to the directive.

ESO: Background information: France and UK seek hedge fund deal http://www.europeansources.info/record/france-and-uk-seek-hedge-fund-deal/

European Commission: DG Internal Market and Services: Investment funds: Alternative investments http://ec.europa.eu/internal_market/investment/alternative_investments_en.htm

European Parliament: Legislative Observatory: Alternative Investment Fund Managers http://www.europarl.europa.eu/oeil/popups/ficheprocedure.do?id=577403

Council of the European Union: Proposal for a Directive of the European Parliament and of the Council on Alternative Investment Fund Managers and amending directives 2003/41/EC and 2009/65/EC - Presidency compromise proposal, March 2010 http://register.consilium.europa.eu/pdf/en/10/st07/st07377.en10.pdf

Council of the European Union: Proposal for a Directive of the European Parliament and of the Council on Alternative Investment Fund Managers and amending Directives 2004/39/EC and 2009/65/EC - General approach, March 2010 http://register.consilium.europa.eu/pdf/en/10/st07/st07378.en10.pdf

EurActiv, 15.3.10: Offshore hedge funds put EU regulation in doubt http://www.euractiv.com/euro-finance/offshore-hedge-funds-put-eu-regu-news-344334

---