Nothing focuses the attention of the industrialized world’s economic bureaucracies quite so well as when the president of the Group of Eight announces the agenda and priorities for its annual meeting.
So when German chancellor Angela Merkel signaled last month at the World Economic Forum in Davos, Switzerland, that hedge fund regulation would be a key agenda item when she presides over the G8 meeting this June in Heiligendamm, Germany, she set off what undoubtedly will be a rush of white papers, interagency meetings and decision memos...
