Many Europeans have a dim view of hedge funds and private equity firms, arguing that their speculative trading aggravated the recent financial turmoil. Now, European regulators are readying rules they say will help avert another meltdown-and hedge funds aren't happy about it.rnAlthough the measures won't be final until summer, some version is likely to be approved by EU regulators. One proposal would cap borrowing, which might curtail leveraged buyouts and trading of complex financial instruments. Another would require fund managers to hold capital with third parties for safekeeping, which could force them to pay more for insurance.
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