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Money managers under the microscope

G-day for hedge funds

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After months of rhetoric by political leaders and behind-the-scenes manoeuvring by trade bodies, the hedge fund industry is finally set to learn its regulatory fate today.

rtxdi0fRightly or wrongly, G20 leaders thrashing out a plan to revive the global economy and prevent the excesses of recent years have hedge funds at the centre of their thoughts.

A draft communique from the Summit shows leaders will submit large hedge funds to supervision for the first time, while British finance minister Alistair Darling said today financial regulation needs to be “more intrusive” and to include hedge funds.

So far, so good for hedge funds, which have been expecting something like this for some time.

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