Ontario Regulator Launches Hedge Fund ‘Compliance Review’

Feb 10 2009 | 1:30pm ET

Not wanting to become the Securities and Exchange Commission of the north, the Ontario Securities Commission is cracking down on hedge funds.

Canada’s largest provincial financial regulator launched a review of hedge fund compliance last week, the Financial Post reports. It is seeking information from hedge fund managers about their service providers, portfolio composition and valuation, retail customers and the last year-and-a-half of inflows and outflows. The OSC also wants to know about any exposure that Ontario’s hedge funds might have to Bernard Madoff’s alleged Ponzi scheme.

The regulator has told hedge funds to turn the information over by Feb. 20.


In Depth

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of