Reuters- German Finance Minister Peer Steinbrueck reiterated his wish to see greater oversight of the hedge fund industry ahead of a key summit, but said he did not expect consensus on the matter tobe reached quickly.
As leaders of the Group of Eight (G8) industrialised nations prepare to meet in Germany’s Baltic resort of Heiligendamm on June 6-8, Steinbrueck said the government was hoping to broker an agreement that would lower the risks posed by the funds.
“The government is trying to reach international consensus on potential measures that aim to limit potential systemic risks for financial stability,” he wrote in a guest contribution for the weekend edition of the Boersen-Zeitung business daily.
