Friday, 29 May 2015
Last updated 14 hours ago
Dec 10 2010 | 12:19am ET
Like their peers in the U.S. and Europe, Australian hedge funds are going to have to open up to regulators under new disclosure rules set to be introduced next year.
The Australian Securities and Investments Commission will impose strict new reporting requirements, the Australian Financial Review reports. Hedge funds will have to provide information about offshore holdings and other investments in jurisdictions less highly-regulated than Australia.
The regulator will promulgate the next disclosure rules next year. ASIC is also planning a guide for investors considering hedge funds.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…