Tue, Feb 9, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Merlin issues a twelve-point guideline to hedge fund best practice

Monday, May 24, 2010

Benedicte Gravrand, Opalesque London:

Things have changed so much in the hedge fund world since 2008; not just the performance which can be lukewarm at times, and the assets which have become a little more difficult to raise. It is also the way to conduct business that has changed and that is continuing to change.

For a start, the crisis and its subsequent liquidations, gatings and losses made regulators and hedge fund managers alike shift their attitude towards investor protection. Regulators and other official bodies came up with guidelines, proposals, legislation drafts, reform bills. The hedge fund world - including managers, administrators, and industry bodies - reorganised, especially after the Madoff scandal, to better meet investors' new more demanding requirements and regain their trust - through obligatory requirements of third party administrators for example, sets of best practice guidelines, deeper due diligence or escape into safer structures such as managed accounts or UCITS-compliant funds.

Last week was a historical week in that ongoing development of the industry. For one, the U.S. Senate approved the overhaul Wall Street reform bill, which will require, among many other things, hedge funds to register with the SEC. On the other hand, the European Parliament and EU's finance ministers voted to go ahead with the AIFM Directive, which will impose heavier requirements on alternative investment fund managers.

The two little words t......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  2. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  3. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  4. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  5. HFRU Hedge Fund Composite Index down -2.58% in January[more]

    Global financial markets posted sharp losses in January led by declines in Oil and global equities, though steep intra-month losses in both were narrowed by strong gains in final trading days of the month. Global equities posted steep declines for the month led by Biotechnology, Energy, Financial, E