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English employment tribunal decision is wake-up call for hedge fund self-employment practice

Hedge Funds Review – A UK tribunal decision could change the way partners in Financial Service Authority-regulated organisations, such as hedge funds, are employed. The case also has implications for US-based hedge funds.

The UK Employment Tribunal decision paves the way for partners in financial services organisations regulated by the Financial Services Authority (FSA) such as hedge funds to claim they are ‘employees’ instead of ‘self-employed’.

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