Newsletter Jun 2007: Rudloff spies great confusion

The fact that hedge funds were even on the agenda of the summit of the Group of Eight wealthy nations is evidence that financial firms and markets “have entered a period of great confusion” in terms of regulation, the leading international banker who chairs ICMA told the conference. Barclays Capital chairman Hans-Joerg Rudloff said that hedge funds form an “infinitely small part” of the world’s capital markets. He was speaking ahead of the early-June G8 summit hosted by Germany at the Baltic coast resort of Heiligendamm.