BRUSSELS (Reuters)- Europe’s hedge funds and private equity should be free from the burden of mandatory rules, companies and investors said on Monday, but law enforcers cautioned that fraud in the sector was rising alarmingly.
Investing in hedge funds and private equity has provided better returns than conventional assets such as stocks and bonds, the European Union’s biggest pension fund said.
It was riskier not to invest in the sector, said Ronald Wuijster, head of strategic research at Dutch ABP, which has 217 billion euros (163 billion pounds) under investment.
"In the end you should mainly aim for self-regulation," Wuijster told a European Parliament hearing.
