(Reuters) Hedge funds and other alternative investments will no longer be dubbed “shadow banks” by global regulators, lifting a pejorative label which has stuck to the $45 trillion sector since the financial crisis.Treated with suspicion by regulators and policymakers, “shadow banks” have in recent years been welcomed as providing market-based capital to plug gaps left by retreating banks.
Hedge Funds Officially Welcomed in From the Shadows
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