Tuesday, October 12, 2010

Hedge Fund Regulation

France has taken a tough line on regulating hedge funds, but Christine Lagarde has signaled the possibility of a compromise:

But in the face of growing pressure, Ms. Lagarde, a former lawyer, signaled her readiness to retreat on this issue, saying she would allow foreign funds qualify for a pan-European license but only if the system were phased in and if the new permits were issued by an E.U. watchdog agency.

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