Caymen Net News – The Cayman Islands Financial Services Association (CIFSA) has addressed efforts to boost disclosure of information about hedge funds, and has cautioned that the move must be widely agreed and equally applied.

Meanwhile, regulators at the Cayman Islands Monetary Authority (CIMA) said it hoped the changes, contemplated for later this year, if approved, would aid industry transparency, improving global views of Cayman’s financial services industry as it struggles for approval from the Organisation for Economic Cooperation and Development (OECD).

“The most crucial aspect of this is to ensure that there is a comprehensive approach so that every regulated hedge fund is covered,” said CIFSA chairman Anthony Travers. “This should be achieved first. There is a real risk that disclosing partial information may colour the debate going forward and may not present Cayman in its best light.

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Tags: cayman-islands-monetary-authority, cima, development oecd, disclosure of information, economic cooperation, financial services association, financial services industry, global views, hedge fund, hedge funds, organisation for economic cooperation and development, regulators, risk, rsquo, transparency, travers

Seeking Alpha – The debate over short selling often pits traditional “long-only” managers against the upstart alternatives: hedge funds. But as this report in yesterday’s FT points out, the lines between “traditional” and “alternative” are blurring quickly. The Alternative Investment Management Association (AIMA) has been an ardent defender of the hedge fund industry against what it sees as unfair criticisms in the media (see related posts).

But now associations of “traditional” investment managers have come to the defense of short-selling. In fact, according to the FT, the Investment Company Institute (ICI) in the US, the Investment Management Association of the UK (IMA), and Australia’s Investment and Financial Services Association (IFSA) have each warned regulators against requiring short-sellers to publicly reveal their short positions.

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Tags: aima, alternative-investment-management-association, ardent defender, australia, financial services association, investment company institute, investment management association, investment managers, regulators, seeking alpha, short-sellers