Tuesday, 23 September 2014
Last updated 3 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.