Managers’ views on voluntary hedge fund standards: an about-face?
Nov 23rd, 2008 | Filed under: Hedge Fund Regulation, Today's Post
To help combat public pressure on the hedge fund industry, self-regulation has been pushed to the top of the industry’s agenda over the past year. Earlier this year, the UK’s Hedge Fund Working Group, a group of over a dozen UK-based mega-funds, published a set of voluntary guidelines governing such things as risk management and fund governance.
Soon after the release of these self-regulatory guidelines, accountancy KPMG surveyed institutional investors to see if they thought hedge funds would actually sign-up. Nearly 90% of investors thought hedge funds should sign-on to the guidelines. Yet only 40% felt that “the majority” of hedge funds would actually do so.
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