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London Mayor Fights for Hedge Fund Rights

The New York Times – London’s mayor, Boris Johnson, an advocate of protecting the city’s financial sector from over-regulation, will take the fight to protect Britain’s hedge fund and private equity industry to Brussels this Wednesday, The Daily Telegraph reported.

Mr. Johnson is scheduled to meet with senior members of the European Parliament and Charlie McCreevy, the head of internal markets for the European Commission, in an effort to thwart potential regulation in the form of a draft European directive, which includes radical proposals on fund-raising and capital requirements.

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