Church Commissioners express support for worldwide hedge funds
The Church Commissioners, who have been very critical of hedge funds in the past, have today joined a growing list of supporters who have expressed doubts about the EU alternative investment directive which effectively bars non-EU investment managers from advertising their services to EU-based customers. In many ways this was a side note to the EU alternative investment directive but many people believe it needs to be changed otherwise investors may well not be able to appoint those best for the job.
Along with the worldwide banking industry as a whole, hedge fund operators have come in for significant criticism from the likes of the EU and other regulators around the world. While many people miss the main point of hedge funds, which in basic terms act as an insurance and protection for investment funds, they have also been used in the past to gear up investments with relatively small initial deposits. In some cases there have been reports of hedge fund investments and hedge fund sales having a massive impact on investment markets, but then again the markets will eventually balance themselves out purely on supply and demand?
Is it really right to use the hedge fund industry as a scapegoat?
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