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brussels
’Europe meets, talks, leaks, fights and still we wait
It’s all happening in Brussels. But don’t confuse activity with action.
The European Council summit (i.e. all leaders of the European Union) has concluded and the leaders of Poland (which currently holds the rotating Presidency) have been out briefing the press:
Revealed: the EU AIFM draft directive’s limits on hedge fund pay
Herein in full is “annex II” – the last minute principles to heavily regulate European hedge fund managers’ pay appended to the European Union’s draft Alternative Investment Fund Manager directive in the past 48 hours by the Swedish presidency of the EU council.