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Text size [+][-]  Thursday September 2 2010GLOBAL EDITION

Considered view
15 Apr 2008 21:23

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Context News

Two committees backed by the President’s Working Group on Financial Markets issued reports on best practices for hedge fund investors and asset managers, respectively, on April 15. The asset management group, chaired by Eton Park Capital’s Eric Mindich, recommended a host of measures on valuation, risk management, disclosure, and operation issues. The ten hedge funds represented on the committee have committed to implementing all the measures.

 

That’s not a bad thing. The recommendations, from a US government-sponsored group of fund managers, make sense. Many funds should improve disclosure, valuation and risk management. But even those at the vanguard will remain exposed to the risks that have roiled Wall Street.

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