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Rules to cost UK hedge funds up to 3 bln stg-study

Reuters – A proposed EU directive to regulate fund managers will cost the UK hedge fund industry up to 3 billion pounds ($4.5 billion) to implement in the first year, a sector consultancy said on Monday.

Kinetic Partners said the planned EU Directive on Alternative Investment Fund Managers means changes that will cost a typical UK manager several million pounds per year, and the industry as a whole between 2 billion pounds and 3 billion in the first year.

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