Tue, Jun 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Australian regulator issues hedge funds guide for improving disclosure

Thursday, October 04, 2012

From Komfie Manalo, Opalesque Asia - The Australian Securities and Investments Commission (ASIC) released "Regulatory Guide 240 – Hedge funds: Improving disclosure" in September. This guide offers benchmarks and disclosure principles related to the issue of Product Disclosure Statements (PDS).

According to ASIC, this guide is for those involved in the issue and sale of hedge funds. It sets out the regulator’s guidance for improved disclosure to investors to help them understand and assess these products.

According to Triple A Partners’ latest newsletter, Australian Hedge, the guide covers benchmarks for valuation of assets and periodic reporting, and disclosure principles on investment strategy, manager, fund structure, valuation/location/ custody of assets, liquidity, leverage, derivatives, short selling and withdrawals.

The new guide also defines 'hedge fund’ and 'fund-of-hedge-fund’ for the first time: a "hedge fund" as a registered MIS that is promoted by the responsible entity as being a hedge fund (using that expression); or has two or more of the defined characteristics of a hedge fund.

ASIC has been strengthening its hedge fund rules to better protect investors, ......................

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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  3. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  4. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

  5. Outlook - Jim Rogers: Turmoil is coming[more]

    From Peakprosperity.com: Two years since his last interview with us, investor Jim Rogers returns and notes that the risks he warned of last time have only gotten worse. In this week's podcast, Jim shares his rational for predicting: increased wealth confiscation by the central planners

 

banner