More Stringent Hedge Fund Regulations Require Greater Attention to Best Practices
Author: Neil Morris.; Christopher Lombardy.
Source: Volume 23, Number 04, March/April 2010 , pp.50-52(3)
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Abstract:
President Barack Obama’s proposed changes to the U.S. financial regulatory system were a foregone conclusion as early as the first quarter of 2009, yet the majority of hedge fund advisers seemed reluctant to pursue needed changes until forced to do so. Indeed, the Administration’s edict to Congress has resulted in a bill (H.R. 4173) that would require hedge fund advisers to register with the Securities and Exchange Commission (SEC). The requirements associated with SEC registration effectively comprise solid best practices for the hedge fund industry. Advisers, therefore, must step up their act immediately in order to be prepared to prove their compliance with a stricter set of rules related to disclosure, infrastructure, reporting, policies and procedures.Keywords:
Affiliations:
1: Kinetic Partners; 2: Kinetic Partners.