A KPMG survey into investor perspectives of the standards outlined by the hedge fund working group (HFWG) has found that, when making investment allocations, eight out of 10 pension funds prefer a hedge fund manager who has complied with the industry best practice standards.
The survey also revealed more than half of the pension funds surveyed would require hedge fund managers to comply with the standards within three years, Director of Finance online reports.
Valuation, followed by risk management and then disclosure, were cited by respondents as the most important issues addressed by the standards.
Tom Brown, European head of the KPMG investment management and funds practice, said the results provided a compelling case for managers to sign up to the standards, particularly if they were expecting to attract institutional money.
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