Bloomberg – Guy Hurley said he’s not sweating European plans for new hedge-fund rules after leaving Bank of America Corp.’s Merrill Lynch & Co. a year ago to start an onshore fund that uses strategies such as merger arbitrage.
“It’s not material to us because we’re not a hedge fund, we’re a mutual fund,” Hurley, founder of HCM (UK) Ltd., said in an interview at the firm’s headquarters on Grafton Street in Mayfair, the heart of London’s hedge-fund district. “Because we are in the Ucits business, we fully comply with European regulations already.”
