The EU agrees to tighten rules for hedge funds, a move that may block U.S. funds from the region...

|By:, SA News Editor

The EU agrees to tighten rules for hedge funds, a move that may block U.S. funds from the region and cause the industry to flee London's financial district. EU governments must now seek a compromise between their version and one voted by the European Parliament which may give more rights to foreign funds to do business across Europe.