Proposals To Curb Hedge Fund, Private Equity Pay Watered Down
Date: November 27, 2009
The European private equity and hedge fund industry breathes a sigh of relief today, after EU proposals to curb pay in the sector were watered down, according to a report in the Telegraph. The idea was introduced just two weeks ago by Sweden, which currently holds the EU’s rotating presidency.
The old version was of particular concern to hedge fund managers, who are normally paid a low basic salary based on the expectation that they will earn most of their money from successful trades.
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Source: Financier Worldwide
