Financial Times FT.com

Hedge funds

FSA guns for secret hedge fund stakes

By James Mackintosh, Hedge Funds Correspondent

Published: October 11 2007 23:00 | Last updated: October 11 2007 23:00

Companies could be given powers to force hedge funds to declare secret stakes held through derivatives if proposals being considered by the City regulator are approved.

The Financial Services Authority plans to include the idea, as one of several options to increase transparency, in a discussion document in the next few weeks.

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