Hedge Funds’ ‘Dangerous Opponent’ Rasmussen Pushes EU Crackdown
Thursday, June 18, 2009 : PermalinkBloomberg – Buyout firms and hedge funds, “Read my lips: You’re going to have regulation.”
So says Poul Nyrup Rasmussen, the Socialist Party president who conducted a two-year campaign for the first European Union regulations governing so-called alternative investors. Hedge funds and private-equity firms, which manage 2 trillion euros ($2.8 trillion) in the region, are in line for some of the world’s strictest rules, and potentially billions of dollars of compliance costs, under an EU measure proposed in April.
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billions of dollars, compliance costs, european-union, investors, lips, party president, private equity firms, socialist party, trillion
