Hedge Funds

G-20 agree to regulate "systemically important" hedge funds

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In this week's economic summit in London, the leaders of the 20 biggest economic powers agreed on a number of initiatives to pull the world out of its deep recession and to beef up the international regulatory regime to help prevent potential financial catastrophes in the future.

While offering few details, the G-20 communiqué said its leaders had agreed "to extend regulation and oversight to all systemically important financial institutions, instruments and markets. This will include, for the first time, systemically important hedge funds."

The world leaders committed to avoid the type of protectionism that helped push the world