FSA, AIMA Hoping to Curb EU Hedge Fund Regs

``The FSA is said to be hoping their cost analysis will show the EU’s proposal is too stringent upon the hedge fund industry. Reuters said roughly 80% of hedge fund assets in the EU are based in London, and the British government is concerned if parts of the proposal are not pulled back a bit, the asset class’ worldwide competitiveness will be negatively affected.''