Thursday, 26 November 2015
Last updated 21 hours ago
Oct 22 2008 | 12:23pm ET
With capital adequacy a life-and-death issue for hedge funds in the current market crisis, one industry association is offering a hand.
The Alternative Investment Management Association, the chief lobbyist for hedge funds in the U.K., is not offering a capital infusion, but instead has updated its guidance on how to implement internal capital adequacy assessments.
“The hedge fund industry has embraced the capital adequacy debate proactively and the sophisticated risk management techniques undertaken by hedge funds make this framework possible,” Andrew Baker, deputy CEO of AIMA, said.
The revision to the original guidance promulgated last July is designed to reflect the new world faced by hedge funds following the financial catastrophe that has frozen credit markets, plunged equities markets into wild volatility and claimed several major Wall Street and British financial services firms. It includes examples of capital-adequacy assessments put in place by other companies.
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…