No one is happy with the EU’s draft directive for regulating hedge funds and private equity. Not the industry and not those targeting it.
The former believes that it was not to blame for the crisis and that the regulation is opportunistic and rushed. The latter feel that the draft does not go far enough.
Private equity houses are also annoyed that they are being regulated as an afterthought.
“It looks as though the directive was drafted for hedge funds and private equity was shoved in at the last minute without...