Financial Times FT.com

Investors welcome revised EU fund rules

By Kate Burgess, Martin Arnold and Sam Jones

Published: November 13 2009 16:20 | Last updated: November 13 2009 16:20

Investors on Friday welcomed revised European Union plans to clamp down on alternative investment funds, saying the proposals were a workable compromise.

The latest draft comes after months of wrangling following the controversial first draft of a new EU alternative investment fund regime, outlined in April.

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