LONDON/BRUSSELS – The long-running and sometimes bitter clash over the European Commission’s efforts to regulate hedge funds, private equity funds and other alternative investment vehicles suddenly erupted again in early April. This fresh flare-up began when the London-based Alternative Investment Management Association (AIMA), a global hedge fund trade association, accused European Commissioner Michel Barnier of proposing to implement regulation that diverged from the advice given by the EU’s own technical advisory body.

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