By Neil Wilson
It's certainly not the end of the matter - it's probably
only the end of the beginning. More registration, reporting and
oversight requirements for hedge funds now seem inevitable.
Yet, following the recent G-20 Summit in London, it seems that
these new requirements are likely to be more sensible,
proportionate and appropriate - maybe even beneficial to the
long-term health of the industry - and not the kind of drastic,
sweeping overreaction many had feared.
The devil, of course, is in the details. But it appears that
the major restrictions on hedge funds called for ahead of the
G-20 by world leaders like President Nicolas Sarkozy of France
and Chancellor Angela Merkel of Germany have been averted, at
least for now. What those restrictions would have been is far
from clear. But in a febrile political atmosphere with public
opinion inflamed by the scale of the global financial crisis