Union leaders to Develop International Response to Growth of Hedge Funds

Filed in archive on March 15, 2007

Interesting HedgeCo story I was working on;

In recent weeks the unions have had concerns about the employment impact of buy-outs and questions about hedge fund transparency, corporate governance and sustainability.

TUAC said in a press release, "Union concern has mounted at the employment impact of buyouts by what are often shadowy investors using borrowed money. Concerns have also been raised at the increasing amounts of pension fund money being invested in private equity and in hedge funds."

Trade union leaders from more than 20 countries are to meet at OECD Headquarters in Paris on the 16 March to discuss the impact of hedge funds on employees' job security and pensions.