Sat, Oct 1, 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. Opalesque Exclusive: BlackRock taps Artivest for alternative investment platform partnership[more]

    Bailey McCann, Opalesque New York: BlackRock will be working with New York-based Artivest to provide a platform for broader distribution of BlackRock alternatives funds. Artivest is a technology-driven alternative investment platform that also offers brokerage services. BlackRock has approximatel

  2. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  3. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  4. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  5. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to