Newsletter November 09: Hopes rise over EU hedge fund directive deal

BRUSSELS – There are increasing hopes that a compromise document prepared for a key mid-November meeting of officials from EU member governments could pave the way for a deal over controversial hedge fund regulations. The bitterly fought regulations, proposed in the Alternative Investment Fund Managers (AIFM) Directive issued in April, have proved the most divisive that the European Commission, executive arm of the EU, has proposed in recent years.