Europe’s classic exercise in closet protectionism

Commentary article by the chairman of Marshall Wace, in which he is very critical of the European Commission's new draft directive on alternative investment fund management.

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/

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