Just so long as nobody gets shot in Serbia, we should still be able to avoid bloodshed.
European officials are pushing for more disclosure of hedge-fund portfolios or a ratings system like that for corporate debt. German officials, using their chairmanship of the Group of Eight leading nations this year, are particularly aggressive.
But U.S. and British officials are taking a more hands-off approach, advocating additional study and, at least in the U.S., focusing on making sure hedge funds take money only from the wealthy and sophisticated rather than on changing hedge-fund behavior to minimize risks to the global financial system.
No Consensus On Regulating Hedge Funds [Wall Street Journal]