Tuesday, 19 June 2007

Europe's Biggest Hedge Funds Form Committee to Consider Tighter Standards

(Bloomberg) -- Hedge funds may become more strict
in managing risks and valuing assets following recommendations
of a taskforce supported by many of Europe's largest funds.

Hedge funds including GLG Partners LP, Man Group Plc and
CQS U.K. LLP have enlisted Andrew Large, a former deputy
governor of the Bank of England, to chair a committee that will
assess the need to tighten regulations next year for the $1.6
trillion industry, according to a preliminary press statement
obtained by Bloomberg News.


Read more at Bloomberg Stocks News

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