NYT – Louis Bacon, who topped the list of the U.K.’s richest hedge fund managers in 2010, is apparently none too pleased with European lawmakers moves to increase regulatory oversight of the hedge fund industry.
In a letter to investors in his firm, Moore Capital Management, obtained by Financial News, Mr. Bacon criticized European authorities for their “demonisation” of the industry and said they had adopted “a stance of ‘First Kill All the Canaries in the Mineshafts.’”
