Friday, 28 November 2014
Last updated 8 hours ago
Apr 27 2010 | 1:29pm ET
The hedge fund lobby is welcoming the Group of 20 finance ministers’ call for “consistent and coordinated oversight of hedge funds.”
It was the only mention of hedge funds in the communiqué issued Friday, but it was enough to bolster the optimism of the Alternative Investment Management Association.
“We were pleased to see the G-20 finance officials call again for a “consistent and coordinated” approach to the oversight of hedge funds,” Tood Groome, AIMA’s London chairman, said. “For a global industry, this is important, and is supportive of the goals set by the leaders.”
“While hedge funds are not themselves systemically important institutions, they can help provide systemically relevant data reporting in the interests of financial stability,” Groome added.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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