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

By Benedicte Gravrand, Opalesque London:

  Last week's G20 summit in London, which was held with the aim to find solutions to the financial crisis, highlighted most leaders' desire to overhaul regulations on hedge funds (as well as on banks and rating agencies). Some hedge funders cried 'scapegoat', claiming they were being misunderstood, that they were not the ones presenting a systemic risk, that more regulations would hinder their business.

  The  Managed Funds Association (MFA), a representative of the global alternative investment industry, however pledged its commitment to working with policy makers and said "hedge funds have a strong role in helping to hasten economic recovery as liquidity providers, risk dispersers and as a source of capital for businesses hoping to grow and create new jobs. The industry is taking steps to restore investor trust through the promotion of sound business practices and tools for investors to use as they conduct ongoing due diligence of money managers, as a complement to a smart regulatory framework. Regulatory reform should strengthen the overall financial system without impeding hedge funds' ability to contribute to the global economic recovery." The MFA also released a newly enhanced `Sound Practices for Hedge Fund Managers earlier.

  The Alternative Inves......................

To view our full article Click here