The UK, home to most of the world's hedge funds, has won out in a long-running battle with France over European supervision of the controversial and lightly-regulated multi-trillion-dollar sector.
EU finance ministers agreed on Tuesday (19 October) to regulate the sector, under the eye of the European Securities and Markets Authority - the new Paris-based market watchdog tasked with preventing future financial crises on the scale of 2008.
Hedge funds, blamed by some for exacerbat...
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