German Leader Plans Hedge Fund Transparency Push

Jan 28 2008 | 7:49am ET

German Chancellor Angela Merkel has renewed her call for improvements in hedge fund transparency, saying she will again raise the issue at a meeting of European leaders this week.

In her weekly podcast, Merkel admitted her earlier efforts to obtain some form of hedge fund oversight or regulation have not come to much. But she argued that recent market trouble has proven that something must be done.

“The lesson from the turbulence must be more transparency in financial instruments,” Merkel said.

She warned that if hedge funds did not self-regulate—such as the voluntary code of conduct proposed by British hedge funds last week—new rules would have to be promulgated.

European leaders, including Merkel, French President Nicolas Sarkozy, Italian Prime Minister Romano Prodi and European Commission President Jose Manuel Barroso, will be hosted by British Prime Minister Gordon Brown in London tomorrow.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note