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Hedge funds bristle as EU lawmakers eye new pay target

Reuters – Hedge fund managers could be next in line after bankers to see further restrictions on their pay if European lawmakers follow through on promises to target the sector’s lucrative payouts.

After reaching a deal in the early hours of February 28 to cap bank bonuses at the same size as base salaries, or twice basic if backed by shareholders, some politicians are now talking about a “snowball” effect embracing other areas of finance.

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