WEST PALM BEACH, FL (www.hedgeco.net) – German Chancellor Gerhard Schroeder has called for international hedge fund standards; Germany is interested in stable financial markets. Schroeder said, “Andfor that, we will need better global supervision of and an improved transparency for hedge funds.� Schroeder said he plans to call on the G8 heads of State in the upcoming meeting to establish globalstandards for hedge funds. Schroeder added, “Therefore, I will make a call at the upcoming G8 meeting to define uniform international standards for hedge funds.�
He went on to say, “The short-term interest some hedge funds have shown in the past in Germany has raised several questions.” Many in Germany still remember the recent removal of the head of the German Stock Market through the help of hedge fund investors. Calls for restricting hedge funds activities in Germany began soon after hedge funds participated in the removal of the head of the German Stock Market operator. Schroeder said, �The framework under which these hedge funds operate in Germany is being examined extensively at the moment.�
German Officials are also interested in increasing the level of transparency of hedge funds to their investors; the German Chancellor also hinted that Germany will push for uniform rules for hedge funds on the European Union level. Schroeder also wants a global approach in monitoring hedge funds. He added, �We want stable markets, for that, we need effective supervision worldwide and much improved transparency on the hedge fund market.�
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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