Reuters – Investors need more information on hedge fund risks, while planned European Union curbs on shorting sovereign debt could undermine regulatory credibility, the EU’s new securities watchdog said on Thursday. Steven Maijoor, chairman of the European Securities and Markets Authority (ESMA), said investors need information to better assess the risk profile of a hedge fund.
“It will be important to achieve a balance between increasing investor protection while avoiding imposing undue costs on fund managers,” Maijoor told the annual International Capital Market Association conference.
