Monday, June 4, 2007

G8 summit to call for hedge fund vigilance

(Reuters) - The call, to be made at a summit hosted by German Chancellor Angela Merkel, falls way short of Berlin's attempt to crack down on an industry which has blossomed in recent years in the shade of mainstream funds and banks, which are more closely regulated.




"It's the first time the call has been made by a G8 summit, so it's significant in itself," said one official involved in negotiations for the gathering in Heiligendamm on Germany's Baltic coast, taking place from Wednesday to Friday.


Read more at Reuters.com Business News

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