I’m Shocked…

Boris Johnson, who is leading the fight against a European crackdown on City financiers, faced accusations of being “bought off” today, when it emerged that more than half the money donated to his mayoral campaign came from the financial sector including hedge funds and private equity.

Johnson has criticised the EU’s so-called “hedge fund directive,” draft rules published in the spring which would limit debt levels for alternative investment managers, such as hedge funds, and force them to be more transparent.