NEW DELHI, NOVEMBER 3: Reserve Bank of India (RBI) Governor Y V Reddy today expressed concern over the functioning of hedge funds globally and said that it could be a source ofpotential threat to financial markets.
“Lack of transparency in accounting and disclosure make hedge funds a source of potential risk,” Reddy said at an Assocham seminar here.
Citing the recent controversies relating to hedge funds in the United States, Reddy said that they ought to be looked at carefully.
