Hedge body backs formal disclosure to regulators
Tuesday, February 24, 2009 : PermalinkMSN UK News – A hedge fund body has thrown its weight behind regular disclosure of large holdings and risks to regulators, as calls grow for greater scrutiny of the industry.
The Alternative Investment Management Association (AIMA), said on Tuesday it supported regulators being able to get information from large hedge funds to build up a regular picture of systemically significant holdings and risk exposure.
The move by AIMA, which represents more than 75 percent of hedge fund assets worldwide, comes with the industry under pressure for greater regulation and the Hedge Fund Standards Board (HFSB) facing criticism for the low number of funds signed up to its voluntary standards on governance and disclosure.
Tags: aima, alternative-investment-management-association, disclosure, fund-assets, governance, investment management association, msn uk, regulators, risk exposure, scrutiny, uk news, voluntary standards
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