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Hedge funds prove slow to adopt best-practice valuation

Wealth Bulletin- In January, 14 of the UK’s largest hedge funds, including Man Group, Brevan Howard and Gartmore, backed the Hedge Fund Working Group’s best-practice standards.

These aim to improve governance and disclosure and to promote transparent and independent valuation.

Six months on, however, only one, unnamed, hedge fund beyond the 14 working group members, has signed up to the code.

Sir Andrew Large, chairman of the working group, believes it is unrealistic to expect hedge funds to sign up immediately.

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