Bloomberg – Two panels appointed by Treasury Secretary Henry Paulson advised hedge funds to adopt guidelines including increased disclosure and strengthened management of risk in the aftermath of the rout in credit markets.
“Hedge funds, along with other market participants” need to “better evaluate and implement strong practices to better manage their businesses and reduce risk,” the panels said in a summary of their recommendations released today by the Treasury. “The robust practices set forth in this report will be critical to and consistent with the goal of reducing systemic risk.”
