US Hedge funds and small fund companies could get government loans to buy troubled securities from banks after the US Treasury changed the rules of its $1,000bn (€747bn, £679bn) toxic assets plan amid fears that it would benefit only a few large investors.
The move, announced on Monday, came after lobbying by hedge funds and small investors who argued the large funds that helped shape the programme, such as BlackRock and Pimco, would be its main beneficiaries.
