Friday, 27 November 2015
Last updated 1 day ago
Sep 26 2007 | 7:39am ET
Two advisory committees—one representing investors and the other hedge funds and asset managers—are set to make recommendations on proposed “best practices” and disclosure guidelines by the end of year, the U.S. Treasury Department said yesterday.
The two groups, one headed by Russell Read of the California Public Employees’ Retirement System and the other by Eton Park Capital Management’s Eric Mindich, are considering principles established by the President’s Working Group on Financial Markets. The Treasury expects to issue plans for a new hedge fund regulatory regime early next year.
Read’s group, which includes representatives of the AFL-CIO and the Washington State Investment Board, is to focus on what information hedge funds should disclose to potential investors. Mindich’s group is concentrating on best practices for information, valuation and risk management systems.
“The goal is to bring the principles to light,” Treasury Undersecretary Robert Steel said. The Treasury Dept. noted in a statement, “The committees represent a milestone toward a more competitive U.S. marketplace with the world’s highest standards for protecting investors and safeguarding against systemic risks.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…