As members of the European commission gathered in Stockholm to mark the start of the Swedish presidency on Wednesday (1 July), the country's financial markets minister warned against overregulation of the hedge fund and private equity sectors. "It is not private equity that caused the crisis, nor hedge funds. But in some countries, the political debate portrays private equity and hedge funds as the problem," said Mats Odell. London's city and canary wharf are home to most of Europe's hedge funds, but Sweden also has interest in the sector "That's not the same as saying we shouldn't regulate them. But the aim is to have sound regulation and not to kill the industry," he added. Mr Odell's comments will provide some much needed cheer to the EU's hedge fund and private equity industries - largely based in London - who are concerned that draft legislation produced by the European commission in April could drive them out of business.
As members of the European commission gathered in Stockholm to mark the start of the Swedish presidency on Wednesday (1 July), the country's financial markets minister warned against overregulation of the hedge fund and private equity sectors.
"It is not private equity that caused the crisis, nor hedge funds. But in some countries, the political debate portrays private equity and hedge funds as the problem," said Mats Odell.
London's city and canary wharf are home to most of Europe's hedge funds, but Sweden also has interest in the sector
"That's not the same as saying we shouldn't regulate them. But the aim is to have sound regulation and not to kill the industry," he added.
Mr Odell's comments will provide some much needed cheer to the EU's hedge fund and private equity industries - largely based in London - who are concerned that draft legislation produced by the European commission in April could drive them out of business.
in some countries, the political debate portrays private equity and hedge funds as the problem
I must have missed that. Where would that be?
