Hedge fund crackdown softened by Swedes

Guardian.co.uk – Sweden is trying to water down moves to toughen regulation of hedge funds and private equity firms before its EU presidency expires at the end of the year.

In new proposals the Swedes have suggested withdrawing a cap on the amount that hedge funds can borrow to make investments, an official from the country said.

“We would leave it up to the competent authorities to decide whether to impose the caps in each case,” said the official, who did not wish to be named.

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