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Hedge funds Fret over Possible Caps on Bonuses in EU Rules

The European Union’s Alternative Investment Fund Managers Directive lacks clarity, say hedge fund groups

       Stuart Kaswell, general counsel to the Managed Funds AssociationIs the European Union about to limit hedge fund managers’ compensation? Maybe yes, maybe no. But hedge fund managers are clearly worried. The EU has issued a mandate, known as Alternative Investment Fund Managers Directive, providing a set of guidelines relating to

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