Bloomberg – The European Union’s proposed rules for hedge funds and private equity firms may cost as much as 1.9 billion euros ($2.8 billion) in the first year and 985 million euros annually thereafter, an industry survey says.
The Directive on Alternative Investment Fund Managers would regulate and place capital requirements on any funds managing more than 100 million euros. The proposed measure would boost compliance costs by about a third, according to the survey of 121 hedge-fund managers and 41 private-equity managers managing a combined $550 billion, according to Open Europe, a London- based research organization.
