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

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...