Brussels, 29/04/2009 (Agence Europe) - On Wednesday 29 April, Commissioner Charlie McCreevy, in charge of the internal market, declared, “the Commission has adopted today a proposal on hedge funds, private equity and other alternative investment fund managers. This is the first attempt in any jurisdiction to create a comprehensive framework for the direct regulation and supervision in the alternative fund industry”. This covers all non-harmonised funds in the “UCITS” directive...