January 30, 2006

EU Regulators Reject Hedge Fund Indices

The European Union financial market watchdogs - the Committee of European Securities Regulators - have reportedly rejected industry requests to allow pan-European Union funds to invest in hedge fund indices. The hedge funds indices are perceived as riskier than traditional assets such as stocks and bonds. Reuters reports:

"Given the complexities of hedge fund indices and the fact that they are still developing, CESR cannot recommend, at this stage, allowing hedge funds indices to be considered as financial indices for the eligibility of UCITS," CESR said in a statement.

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January 30, 2006 in Regulation | Permalink




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