EU hedge fund plan may choke investment-UK minister

Reuters – European Union plans to tighten regulation of hedge funds and private equity managers could choke off investments and deepen the credit crunch, British Business Secretary Peter Mandelson said in the text of a speech to be delivered on Friday.

The executive European Commission has put forward a draft law that requires managers of alternative investment funds to register and disclose more information to regulators if they want to operate in the 27-nation bloc.

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