| 23.05.2013 Australia vows improved hedge fund disclosure, seeks recognized definition |
| From Komfie Manalo, Opalesque Asia – Australia’s market regulator, the Australian Securities and Investments Commission (ASIC), said it would allow submissions from industry players to better define "hedge funds." The order was given on concerns that the current definition affected a number of funds that do not exhibit the same risks to investors as 'true’ hedge funds, ASIC said in a statement. |