Investors warn EU hedge fund rules could hit other funds

Investors warn EU hedge fund rules could hit other fundsLeading fund management firms have warned the European Commission’s head of financial regulation that new rules aimed at tightening practice at hedge funds could damage the rest of the industry’s ability to operate effectively.

Twenty investors, including Allianz, BlackRock, Fidelity and Schroders, have written to Michel Barnier, the Commissioner in charge of financial regulation, stating proposed reforms risk hampering Europe’s single market in investment funds.

Read Full Article At Reuters.

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