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From Kirsten Bischoff, Opalesque New York:
Assets are returning in earnest to the hedge fund industry, yet many attempts to bring additional protective measures for investors into fund infrastructures have stalled. In fairness to hedge fund managers, assets may be returning, but certainly they are not returning at the same pace they were prior to the financial crisis, and as of yet they are not returning broadly to many managers, but rather mainly to the largest managers. Additionally, hedge funds are more expensive to run, and will likely only grow more expensive (at least for funds holding over $150m in assets) when regulatory deadlines kick in this summer.
Therefore, it has been difficult for new products that might provide additional protections for both managers and investors to gain traction within the hedge fund industry, especially as the the one-two-punch of the financial crisis and the Madoff fraud fades with distance. One product in particular that has hedge fund managers grappling with pros versus cons, is the internal, ethics hotline (sometimes termed a whistleblower hotline) which Corporate Resolutions Founder Ken Springer says is a great tool for corporate governance, and allows firms to gather internal information on everything from unsafe work conditions, to harassment problems to suggestions for improvement. While hedge funds have overcome poor performance during the height of th...................... To view our full article Click here
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