MEP says hedge fund law needs refining

Reuters UK – A draft European Union law that will require hedge fund managers to be authorised needs refining to cover other types of alternative investments better, a senior MEP said on Tuesday.

The Alternative Investment Fund Managers law is before the European Parliament and EU states for adoption, but is already subject to heated debate.

It covers many types of investments that do not come under the EU’s long-standing mutual funds framework known as UCITS.

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