When the UK chancellor of the exchequer announced changes to financial regulation in December last year, they were presented as a potential successor to the Big Bang – the reforms that radically opened up UK financial markets for greater competition in the 1980s. But the reality doesn’t quite live up to the hype.
That’s especially true for hedge funds. A review of rules on the practice of short-selling is the only potential measure that affects them in any significant way. Hedge fund sources
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