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European Union finance ministers are scheduled to meet Tuesday in Brussels to vote on proposed hedge fund regulations.
Fund regulations stipulate that applicants can receive $10,000 or 6percentt of the purchase price, whichever is higher.
The move will enable it to avoid impending hedge fund regulations like registration, according to a letter the fund sent to investors on Monday.
REUTERS Hedge Funds' Biotech Darlings | Hedge fund regulations require the firms managing over $100 million to disclose where they are putting their money.
It will also prompt further examination of the banking sector as world leaders, including Barack Obama and Gordon Brown, call for new International Monetary Fund regulations.
C1 S.E.C. Proposes Regulations The Securities and Exchange Commission proposed a new set of mutual fund regulations and announced an ambitious schedule to issue additional fund-trading rules.
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It would keep money fund regulation at the S.E.C.
Mr. Siedle, a securities lawyer and former S.E.C. official in fund regulation, looks for fraudulent activity among pension fund managers.
When Germany tried to put hedge fund regulation on the agenda two years ago, Britain sided with the administration of George W. Bush in opposing the idea.
In fact, if you want to point to the day when hedge fund regulation became a foregone conclusion, it was this Thursday.
The problem: This approach would remove money fund regulation from the S.E.C., a potentially wrenching move that could undermine the standing of that agency.
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