The Church of England is joining with several charitable foundations in speaking out against the European Union's plan to impose stricter regulations on hedge funds, the Financial Times reports:
The foundations singled out three areas of concern: proposals to limit EU investors to investing in EU-domiciled funds, requirements for funds to use EU-registered depository banks, and limits on funds' use of leverage. Instead of "imposing restrictions" which would "reduce our freedom", said the foundations, the EU should concentrate on enforcing transparency, in order to enable investors to "make a judgment".
