EU hedge fund law to raise compliance costs-survey

LONDON, Sept 21 (Reuters) – A controversial EU draft law on
hedge funds and private equity could initially cost the two
sectors between 1.3 billion euros ($1.9 billion) and 1.9 billion
euros, while investor returns could also suffer, a survey says.
The survey by think tank Open Europe says the Alternative
Investment Fund Managers directive — draft rules to control
leverage and where funds are sold — could also lead to ongoing
costs of between 689 million euros and 985 million euros as
firms a

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