Laven Partners has responded to Nicolas Sarkozy's comments regarding hedge funds, deeming them out-of-date. The investment management consultancy also accused politicians of being ill-informed as to hedge funds regulation.
Sarkozy accused hedge funds as having caused the current financial turmoil. He stated that the global financial system was in need of an overhaul, should be more regulated and less opaque and called for punishment for those responsible for the current crisis. Laven's managing director, Jerome Lussan, countered: "The idea that hedge funds are not regulated is out-of-date and reflects poorly on the French President's advisers. There is regulation and a lot if it comes from the EU, but there is a lack of application and understanding of the international nature of financial investments which...
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