Tuesday, 7 July 2015
Last updated 4 hours ago
Nov 6 2007 | 8:13am ET
As part of its effort to “get ahead of the curve,” a major hedge fund group has issued a new set of best practices guidelines for the industry.
The Managed Funds Association, updating its guidelines for the first time in two years, calls on hedge funds to set up valuation committees and utilize outside valuation experts to ensure proper, independent valuing of hedge fund assets. In addition, it suggests that hedge funds provide audited annual financial results to investors, as well as demanding monthly reports from counterparties in derivatives transactions.
The MFA has also issued a set of sample questions for prospective investors to use when investigating hedge funds.
To download a PDF of the guidelines, visit the MFA’s Web site.
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…