Move to curb EU fund managers’ pay

Article reports that hedge fund and private equity fund managers could face new restrictions on pay under draft amended proposals unveiled November 2009 (by the Swedeish EU Presidency) as European Union countries work on amending legislation that would regulate the alternative investment fund industry across the bloc for the first time.

EurActiv, 13.11.09: EU to consider pay limits for hedge funds http://www.euractiv.com/euro-finance/eu-consider-pay-limits-hedge-fun-news-222947

Council of the European Union: Sweden: EU Presidency: Proposal for a Directive of the European Parliament and of the Council on Alternative Investment Fund Managers and amending Directives 2004/39/EC and 2009/…/EC - Presidency compromise proposal, November 2009 http://www.fvca.fi/files/49/Swedish_Presidency_Compromise_Proposal_25_11_2009.pdf

EurActiv, 12.11.09: EU to bar alternative funds outside bloc http://www.euractiv.com/euro-finance/eu-bar-alternative-funds-outside-news-222956

European Commission: DG Internal Market and Services: Investment funds: Alternative investments http://ec.europa.eu/internal_market/investment/alternative_investments_en.htm

ESO: Background information: High hopes for alternatives redraft http://www.europeansources.info/record/high-hopes-for-alternatives-redraft/

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