Law360, New York (July 01, 2009) -- Europe's most powerful hedge fund industry group on Wednesday proposed new standards intended to establish more independent oversight and increased disclosure standards on its membership after the unraveling of Bernard L. Madoff's decades-long fraud.
According to the London-based Hedge Fund Standards Board, the proposed rules changes are designed to prevent a Madoff-like Ponzi scheme from developing in Europe and come as the European Union...
