Switzerland aims to attract more hedge funds (Fund News)
Switzerland plans to ease the tax burden for hedge funds and private equity funds and soften regulations for investment funds in a move to boost its standing among other financial centers.
FSA fines Moore Capital trader for insider dealing (Fund News)
The Financial Services Authority said it had fined Steven Harrison, a former hedge fund manager with Moore Europe Capital Management, £52,500 for using inside, restricted information to buy the bonds of Rhodia, the French chemicals maker, days before a debt restructuring.