•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

From Kirsten Bischoff, Opalesque New York:

Accounting firm RSM McGladrey unveiled the results of their inaugural hedge fund survey on Thursday. The survey polled 102 hedge fund portfolio managers and senior executives about their expectations for the industry after the revelation of the Obama Administration’s regulatory plans. The firm noted the general feeling of optimism in the poll’s respondents citing 60% of those questioned saw the current financial markets to hold more opportunity than challenges for hedge funds. The challenges seen by most respondents seemed to lie in the possibility of future regulatory actions that would further restrict the industry.

The new government intervention risk While the overwhelming majority of respondents supported the stimulus package that has been put forth to this point and agreed that the US was headed in the right direction economically, the reach of the government and possibility of proposed regulation on the industry is one of the largest risks managers see for hedge funds.

“Onerous government regulation” was seen as a threat greater then a lack of willing investors, lack of access to capital and fraud.

When asked what “keeps them up at night” respondents placed market volatility first and the unknown of further government interference second.

Regulatory agencies The Fed and Chairman Bernanke received approval ratings of 78%......................

To view our full article Click here