Europe’s Clampdown Camp Faces Hedges Funds Dilemma
The unwritten rules of the EU gentlemen’s club have won hedge funds and private equity a reprieve. Sitting leaders sympathiese with a colleague facing a tough election.
As a result, France and Germany, who are leading the charge to impose tough regulations on the alternative investment industry, have agree to postpone the matter.
According to Lisbon Treaty rules, the matter could be settled by a majority vote within the European Council. But neither France nor Germany want to risk humiliating Gordon Brown in a vote he would certainly lose. Both Paris and Berlin thik a negotiated deal on the directive is still possible.

