Hedge fund and private equity executives say that the European Commission’s plans for sweeping new regulation of their industries, published on Wednesday in Brussels, could cripple businesses that managed €2,000bn of assets. The proposed rules would require alternative fund managers, rather than funds themselves, to register and seek government authorisation, and would impose strict reporting, governance and risk management standards, including minimum capital requirements. Industry insiders say costs of compliance could be prohibitive for small funds.

This entry was posted by Gwen Robinson on Thursday, April 30th, 2009 at 5:26 and is filed under Capital markets, Hedge funds, Private equity. Edit this entry.