Hedge Fund Rules Aren’t Dead, Minister Says

NYT  – Hedge funds and private equity may have won a short reprieve after EU finance ministers agreed to delay a decision on new rules for the industry, but the proposals aren’t dead, Jean-Paul Gauzes, a French member of the European Parliament, told Bloomberg News.

On Tuesday, the ministers, meeting in Brussels, decided to take a couple more months to try to reach consensus on the issues, after U.K. Prime Minister Gordon Brown expressed that fears that too much regulation could drive the industry from London.

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