U.S. Treasury welcomes on Conclusions on Hedge Funds

08 May 2007

In a statement on the Council conclusions on hedge funds, U.S. Treasury Deputy Secretary Robert Kimmitt issued a statement supporting the Council's conclusions. “These findings demonstrate that the European Union and the United States share consistent approaches to monitoring these investment vehicles.”, Kimmit said. “In particular, the Council's conclusions demonstrate convergent views on the benefits of hedge funds in promoting efficient and dynamic financial markets and the important role all actors play promoting financial stability and protecting investors.'

Full statement

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