There’s a battle going on in Europe over proposed regulatory reforms directed at alternative investments. The EU is two steps ahead of Washington in the financial overhaul process, having released a draft Directive in April, 2009. Sides have been drawn, with some calling the provisions too lenient, and others believing that there are significant downsides to [...]
JG ADVISORY SERVICES ANNOUNCES THAT THE PWG TECHCHECK©; ONLINE BEST PRACTICES ASSESSMENT TOOL FOR HEDGE FUNDS BASED ON THE PRESIDENT’S WORKING GROUP REPORT NOW REFERENCES HFSB STANDARDS JG Advisory Services LLC announced today that its online, self-assessment checklist based on the Report of the Asset Managers’ Committee to the President’s Working Group (PWG) on Financial Markets now [...]
Antonio Borges, a former Goldman Sachs vice chairman and current chairman of the European Corporate Governance Institute, has been named the chairman of the Hedge Fund Standards Board (formerly the Hedge Fund Working Group). Mr. Borges will now play the role of persuader, attempting to get a significant number of hedge fund groups ”sign on” to the Standards. Let’s [...]
For an industry that has cried out for “self-regulation”, and investors who have cried out for “increased transparency”, it is hard to fathom how it is that no EU hedge funds (that’s none, as in zero) have actually signed on to comply with the best practices enumerated in the UK Hedge Fund Working Group Standards report published some [...]
