Reuters – Former U.S. Treasury Secretary John Snow said on Tuesday he expected the leaders of the global economy would try to find a way to monitor hedge funds without imposing heavy-handedregulation on them.
“The issue here is finding the right balance,” he said in a lecture at the American Academy in Berlin.
Germany wants to promote hedge fund transparency during its presidency of the Group of Eight this year, and finance ministers from the Group of Seven leading industrial countries are expected to address the issue at a Feb. 9-10 meeting.
Snow, who served as treasury secretary from early 2003 until June 2006 and is now chairman of a private investment firm, said private equity was a positive force in the global economy.
