Friday, 29 July 2016
Last updated 8 hours ago
Aug 18 2009 | 4:45am ET
Asia’s institutional investors and asset management industry overwhelmingly favors stricter rules for hedge funds, according to a new survey.
Almost three-quarters of Asian corporations and financial institutions support tougher rules for hedge funds, according to a new report from Greenwich Associates. Some 84 Asian firms, excluding those in Japan, were polled.
Asia saw the worst ravages of the global hedge fund crisis last year, with huge losses and dozens of firms closing their doors.
The regulatory fervor in Asia is not limited to hedge funds. The Greenwich survey shows that more than two-thirds of those firms polled would like to see the creation of systemic regulators, with an even larger number backing stricter rules governing derivatives, and seven in 10 in favor of separating investment banking and commercial banking.