Britain to dilute rules for smaller private equity firms and hedge funds

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Financial Times 3d ago

Britain to dilute rules for smaller private equity firms and hedge funds - Financial Times

Quick Summary:

Michael Moore, chief executive of the British Private Equity and Venture Capital Association, said: “This consultation is an important step in securing the UK’s status as one of the world’s leading private capital hubs.

Hedge funds in the UK manage £355bn of assets, which is 85 per cent of the total in Europe, according to the Alternative Investment Management Association trade body.

The move, on which the government and the Financial Conduct Authority plan to consult with the industry, is likely to be welcomed by many private equity and hedge fund managers.