Ontario Regulator Launches Hedge Fund ‘Compliance Review’

Feb 10 2009 | 12:30pm 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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of