(Bloomberg) -- German Finance Minister Peer Steinbrueck will try to win support for closer hedge-fund scrutiny at this weekend's meeting of colleagues from the Group of Eight main industrial nations in the absence of some of the club's heaviest hitters.
Steinbrueck, who chairs the gathering near Potsdam, Germany, today and tomorrow, wants his colleagues to back a code of conduct for hedge funds as rapid growth in the $2 trillion industry stokes concern they pose a potential threat to financial stability. The U.S. and the U.K. disagree, arguing that markets are better placed than governments to keep an eye on the pools of capital.
Read more at Bloomberg Currencies News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment