WEST PALM BEACH, FL (www.hedgeco.net) – The German Chancellor, Gerhard Schroeder is continuing his push for more regulations for the global hedge fund industry. In a prepared speech Schroeder saidthat U.S. government officials want more transparency for the global hedge fund providers. Schroeder made his remarks at the American Chamber of Commerce in Washington. The German leader said he willcall for the creation of international joint minimum standards at the upcoming session of the G8 conference in Ireland.

The German government began considering ways of tightening controls on hedge funds soon after hedge funds participated in the removal of the head of the German Stock Market operator. Many in Germany began challenging the voting rights granted to short term investors. Schroeder has made such issue a top agenda for his government, and it remains to be seen if Schroeder�s calls will be heeded by the G8 leaders.

Schroeder will also meet with the U.S. President George Bush during his visit to the United States. Speaking about hedge fund transparency, Schroeder said, “The aim is to create transparency which in the U.S. partly is already common.� He further said, “We want stable financial markets and for this, we need globally effective supervision,� adding, �The most important aim of the supervisory body must be a clearly improved transparency of the hedge fund market. We agree with the demand for more transparency also made by important representatives of the U.S. administration.”

Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net

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