Just about everyone would like to make some amendments to the proposed EU regulations for the alternative investment industry, from hedge funds to governments, industry consultants and pension schemes.
The latest laments come from Mercer, the pension consultants, and their pension fund clients who agree the industry needs improvement and better supervision but call for Brussels to take a broader look outside the EU to see what is happening to the industry on a global regulation front.
The FTSE 100 entered an official bull market last week with a rise of more than 20 per cent from its lows in March, and global equities surged on hopes the worst of the recession is over.
But here’s the curious thing. The majority of independent financial advisers say the green shoots of recovery are nothing more than hot air and recent stock market gains are simply a bear market rally. And so do most of the private investors they advise, according to a survey by 1st- The Exchange, a technology provider for financial services firms.