Fri, May 6, 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. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n

  2. Opalesque Exclusive: Hedge fund talent, fees take a hit at the Milken Global Conference[more]

    Bailey McCann, Opalesque New York: It's been a rough year for hedge funds and now, even other managers are panning them. "Frankly, I’m blown away by the lack of talent," was Point 72 CEO Steven Cohen's assessment of trying to find candidates to hire in the investment business at a panel o

  3. Hedge funds fell in April as alternative UCITS surge in Europe[more]

    Komfie Manalo, Opalesque Asia: Hedge funds shed more in April with the Lyxor Hedge Fund Index down 0.9% during the month (-2.8% YTD), but there was some good news with alternative UCITS showing strong inflows in Europe. In its Weekly Briefing, Lyxo

  4. Global hedge funds recover in April on resurging energy commodities[more]

    Komfie Manalo, Opalesque Asia: Global hedge funds recovered in April with the HFRX Global Hedge Fund Index gaining +0.41% last month (-1.47% YTD), while the HFRX Market Directional Index gained +5.31% during the same

  5. AIG lost $349m in hedge fund portfolio in Q1[more]

    Komfie Manalo, Opalesque Asia: Large US insurance group AIG lost a net $183m for the first quarter 2016, year-on-year. The group blames the loss on the impact of market volatility on investments, as well as net realised capital losses and restructuring costs. Its hedge fund portfolio made a n