BusinessCompany NewsHedge funds to discuss self-regulation

Hedge funds to discuss self-regulation

Industry aims for self-regulation to avoid problems encountered by private equity groups

The hedge fund industry has appointed former Bank of England deputy governor
Sir Andrew Lange to lead a study into a voluntary set of standards for the
industry.

The appointment by the world’s 13 largest hedge funds, which include Man
Group and GLG Partners, signals an attempt by the sector to pre-empt any
political interference in its affairs.

According to the FT a letter was sent out to hedge funds inviting
them to join a working group that will ‘evaluate areas which may require
strengthening and suggest solutions, which may include adherence to voluntary
standards’.

Hedge fund managers are believed to have become anxious about political
interference in their affairs following the assault on private equity by unions
and politicians. The move to self-regulation is an attempt to nip this sort of
situation in the bud.

Further reading:

Hedge funds slated over tax evasion

Hedge funds push for radical insolvency review

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

12m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor