EU hedge fund rules to be revised

Controversial draft regulations for hedge funds will be substantially amended, the new head of the European Parliament's Economic and Monetary Affairs committee has told the Financial Times.

Sharon Bowles, British MEP and new chair of the committee, said European pension funds and institutional investors faced "excommunication" from global capital markets if the draft directive on alternative investment funds was implemented unchanged.

ESO: Background information: EU plans for hedge fund rules under fire / EU rules on hedge funds unlikely to end debate http://www.europeansources.info/record/eu-plans-for-hedge-fund-rules-under-fire-eu-rules-on-hedge-funds-unlikely-to-end-debate/

ESO: Background information: Myners sees flaws in hedge fund rules http://www.europeansources.info/record/myners-sees-flaws-in-hedge-fund-rules/

---