Britain critical of proposed EU hedge fund regulation (Fund News)
A British parliamentary report said on Wednesday that EU plans to regulate managers of hedge funds and other alternative investments need changing to avoid damaging Europe's economy and curbing investor choice.
Global demand for U.S. assets has risen in November (Headlines)
The Treasury Department has reported that private investors worldwide bought a record amount of U.S. stocks, bonds, and other government securities in November, according to Bloomberg. The net-purchase of equities, bonds and notes reached $126.8bn in November, compared with $19.3bn in October.
The Federal Reserve’s decision to extend credit to AIG has been defended by the central bank’s Chairman, The Wall Street Journal reports. The Fed will back a full review of its actions by federal government regulators, said Ben Bernanke.