What was the expert group on hedge funds asked to do?
The Commission invited the Group to report on how it sees the future development of the hedge fund industry in the European context, and whether there are any European-level regulatory or other obstacles which hold back the efficient organisation of the business in Europe. This was one of the first opportunities for a group of hedge fund practitioners to contribute to the policy debate on the development of this fast-moving business. The objective of the group was to provide EU policy makers with a market practitioner’s view of the European market for hedge funds. The group has delivered a report which includes a set of targeted and practical recommendations, (briefly) describes the current market; explains why it is the way it is; highlights the difficulties encountered and best practices undertaken when doing business in different EU Member States.
