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.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , . Bookmark the permalink.

Comments are closed.