EU Countries Strike Hedge Fund Deal After France Backs Down

Oct 19 2010 | 1:42pm ET

The 27-nation bloc's finance ministers today struck a deal on the new rules after an increasingly isolated France—which had angled for tougher rules and giving individual countries the right to shut out foreign funds—capitulated to British demands for far more industry-friendly terms. France last month announced it would oppose the so-called "passport" provision for third-country funds, which would give those that meet the tougher new European standards the right to operate across the EU.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…