From the salons of Mayfair to the sidelines of children’s baseball games in the fancier parts of town beloved of expats, the outrage in London is palpable,write Brooke Masters and Nikki Tait in an FT analysis. Mention the European Union’s new proposal to regulate alternative investment managers – as those who work in the hedge fund and private equity world are known – and out pours a torrent of angry complaints. The draft directive is, say industry figures, poorly drafted, ill conceived and anti-competitive. “A blatant attempt by the French and Germans to sock one to London,” fumes one Mayfair-based hedge fund manager.
ft.com/alphaville All times are London time