EU finance ministers call for hedge fund transparency

Rapid growth of hedge funds leads politicians to call for tighter rules and more transparency.

European finance ministers called for a voluntary commitment to improve the hedge fund industry's transparency at an informal meeting on April 20-21 in Berlin to discuss sustainable public finances, anti-VAT fraud measures and further action on hedge funds. There, finance ministers discussed an interim report by the Financial Stability Forum (FSF) on the issue of hedge funds and were generally positive about their impact on the efficiency and stability of markets, although the German EU

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