Archbishop of Canterbury slams hedge fund controls

Last month, in a bid to protect London's miserably failed financial industry, Boris Johnson flew to Brussels to stop the EU from introducing new hedge funds regulations. Hiscauuse has just found itself strong supporters: the Church of England's commissioners who include the Archbishop of Canterbury Rowan Williams. That comes as little surprise as the "'divine institution"has 4.4 billion pounds invested in hedge funds. Any comment would be superfluous.