The French regulator, Autorité des Marchés Financiers, is reported to have started an inquiry into the role of hedge funds in pushing down the price of shares after the flotation of Electricité de France last week.

French newspaper Le Canard Enchainé reports that the AMF is investigating whether hedge funds artificially pushed down the price of EdF shares to almost 3% below their €33 institutional issue price in the first days of trading.