New EU rules may attract hedge funds: regulator

New EU rules may attract hedge funds: regulator

(Reuters) – One of Europe’s top regulators has some good news for the hedge fund industry; pay curbs are not on the agenda.

While they will avoid the caps on bonuses facing bankers, Europe’s hedge fund managers can still expect restrictions on the manner and timing of their pay under new regulations coming into force on Monday.

The Alternative Investment Fund Managers Directive (AIFMD) is the European Union’s attempt to help protect investors and Gareth Murphy, a former hedge fund manager and equity derivatives trader with JP Morgan (JPM.N), is one of the key figures behind it.

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