Press Release: Creation of two investment fund advisory groups: Commission calls on European trade associations to nominate candidates

The European Commission on 5 December 2005 adopted decisions which were to pave the way for the creation of two advisory groups in the field of investment funds. The first group, the Expert Group on Market Efficiency, was to provide commercial insights on ways in which the functioning of the single market for investment funds might be improved. The second group, the Expert Group on Alternative Investment Funds, was to bring together industry experts to examine the development of alternative investment business in Europe (private equity, hedge funds).