U.K. Opposes EU Plan to Impose Pay Restrictions on Hedge Funds
Wednesday, November 18, 2009 : PermalinkBloomberg – The U.K. government will oppose a European Union plan to impose the same pay restrictions on hedge-fund managers and private-equity firms that it proposed for bankers, the Treasury said.
The EU last week added the pay rules to alternative investment fund legislation that under review in the European Council and European Parliament. It suggests that senior managers defer a minimum of 40 percent of bonuses for at least three years and a “substantial amount” is paid in shares.
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