Money managers under the microscope
The battle over how hedge funds will be regulated by the EU has been going on for some time now and has taken many twists and turns along the way.
According to a report by Jean-Paul Gauzes, obtained by Reuters, the Frenchman has recommended tighter rules than many had expected.
These include funds having to tell regulators how much they intend to borrow, the creation of a pan-European watchdog that could intervene if a fund is seen to be taking too much risk, and the same pay curbs as for bankers.
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Watchdogs onto hedge funds- Independent
Female hedge fund managers outperform male peers- Daily Mail