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G-8 eyes laws regulating hedge funds: paper.

TOKYO, June 2 Kyodo

The Group of Eight (G-8) major countries are expected to agree on the introduction of laws to regulate hedge funds at their summit meeting in Cologne, Germany, on June 18-20, a major daily reported Wednesday. As a first step, the G-8 plans to require hedge funds to disclose information on their activities by improving the relevant legislation in each country, the Yomiuri Shimbun said. The United States, which was previously opposed to curbing hedge funds, is now ready to agree with other G-8 partners on regulations to ensure the transparency of hedge funds, it said. The introduction of regulations on hedge funds will be included in a report after a meeting of G-8 finance ministers in Frankfurt on June 12, and will be included in a declaration to be released June 20 after the summit, the paper said.
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Comment:G-8 eyes laws regulating hedge funds: paper.
Publication:Japan Weekly Monitor
Geographic Code:1USA
Date:Jun 7, 1999
Words:142
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