Tuesday, 31 March 2015
Last updated 12 hours ago
Sep 14 2009 | 12:50pm ET
The International Organization of Securities Commissions has published a new set of standards aimed at increasing investor protection, specifically that of retail investors who are increasingly exposed to hedge funds through funds of hedge funds.
The new report, Elements of International Regulatory Standards on Funds of Hedge Funds Related Issues Based on Best Market Practices, expands on a previous report from the organization which focused on the methods by which funds of hedge funds’ managers deal with liquidity risk and the nature and the conditions of the due diligence process used by funds of hedge funds’ managers prior to and during investment. IOSCO has developed the following new proposals in these two areas:
In dealing with liquidity risk the fund of hedge funds’ manager should:
Due Diligence Processes
These should be carried out prior to any investment being entered into and on a continuous basis following the commitment. They can be divided up into the following areas:
These standards form part of a larger body of work that IOSCO has been engaged in with regards to addressing the regulatory issues presented by hedge funds.
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…