IOSCO in new HF report: Can’t we all just get along?
Mar 23rd, 2009 | Filed under: Hedge Fund Regulation, Today's Post
There seems to be two broad categories of government policy reports on hedge funds over the last few years: those that view hedge funds as self-serving geniuses (example: International Trade Union Congress) and those that view hedge funds as valuable contributors to the global good (example: President’s Working Group).
Naturally, the truth is somewhere in between. A new report from the International Organization of Securities Commissions (IOSCO) combines both views and paints hedge funds as a sort of self-serving geniuses who happen to contribute to the global good. The paper was written in response to a call for input from the upcoming London G-20 summit.
Pleasing two masters
As an organization whose members simultaneously count on support from the general public and from hedge funds (whose trading helps fuel their local financial markets), IOSCO has ensured the report has something in it for everyone. For example, the following excerpts will surely warm the cockles of hedge fund managers’ hearts around the world: More…
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