Hedge Funds

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  1. #11

    Join Date
    Nov 2005
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    frankly, i think for most institutions the accountant is not really the ppl that are too concerned,they are generally more passive in this aspect. but you catch the right thread, it is quite important! most of the attention coming from the front office now. the decision maker of the investments..

    there are also different kind of hedge funds.
    a long and short fund with always 0% exposure to the market is probably treated differently than a CTA. if you are using a managed account platform, and your company have the capability to risk manage the investment, you are probably quite lowly risk weighted.


  2. #12

    Join Date
    Sep 2005
    Location
    Tin Hau
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    72

    The Goldstein ruling means hedge funds don't have to register with the SEC after all - and those that did can apply to deregister. The SEC has decided not to contest the ruling at the moment, instead focusing on a broader anti-fraud effort that would also cover hedge funds (though in a lesser way than the original plan). Hence hedge funds are off the hook - for now.

    In the UK hedge funds have to be registered with the FSA just like any other investment body handling other peoples' money.

    As far as I see it the impact of the SEC wrangling for anybody dealing with hedge funds in HK should be minimal.

    I edit a compliance journal so sadly I know a good bit about this terribly exciting topic :P