A trade body representing British and European hedge funds has rejected any suggestion of tougher regulation by the Financial Services Authority.
Today sees the end of a four-month consultation period in which interested parties could respond to two discussion papers on hedge funds issued by the City regulator in June.
The FSA said then that unless persuaded otherwise it would supervise up to 25 “high-impact” hedge funds more closely. Last month, it named its former head of asset management as the chief of a six-strong unit to monitor hedge fund activity.
