Sunday, 29 March 2015
Last updated 2 days ago
Jan 28 2009 | 2:07am ET
Even before the Bernard Madoff scandal made it a regulatory priority, investors were increasingly concerned about the amount of information disclosed by hedge funds.
The Edhec poll, conducted last summer, found that four in five hedge fund managers and investors believe that liquidity risk is not sufficiently captured by hedge fund reporting. The respondents also said there is a correlation between the quality of hedge fund reporting and the quality of the hedge fund itself.
The French business school also found profound areas of disagreement between hedge funds and funds of funds on one side, and their clients on the other. Managers believe that information on risk-adjusted returns is what investors are looking for. Not so: Investors say they are most interested in past returns and information on extreme risks.
Nor did the poll find much faith in best-practices guidelines being promulgated by some industry groups.
The standards “rarely provide guidance on sound hedge fund disclosure,” the study said. “Many of the guidelines are vague and cover topics that are already standard disclosure.”
Edhec interviewed 214 hedge fund managers and investors for the survey.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…