Money managers under the microscope
Guest blogger Dale Gabbert heads the funds group in the London office of law firm Reed Smith. His practice covers hedge funds, private equity and property funds and he is the author of Hedge Funds, a legal guide published by Butterworths Lexis Nexis.
The views expressed here are entirely the author’s own and do not constitute Reuters’ point of view.
After the controversy surrounding the draft directive some perspective has returned as the Swedes take control of the EU Presidency and attempt to untangle the issues and build some consensus.
The Swedish intervention is timely and comes as the row gathers pace, with the UK government having finally entered the fray and accused the directive’s proponents of having “pandered to prejudices” and “tilted at mythical windmills”.