Hedge fund clampdown threatens IFSC's future

[BoyRacer]

Hedge fund clampdown threatens IFSC’s future - Jon Ihle -> tribune.ie/business/news/art … cs-future/

A regulatory clampdown on hedge funds in the wake of the global financial crisis is threatening the business model of the IFSC by potentially narrowing the range of companies that can supply key services to the alternative investment industry, according to international management consultants PwC.

PwC last week gathered investment managers, fund administrators, regulators and the stock exchange to discuss changes in the industry as well as proposed moves by the European Commission and the Securities and Exchange Commission (SEC) in Washington to bring hedge funds under regulatory control. PwC says this will raise compliance costs and deter funds from operating in Europe.

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