Hedge fund pay may need to be regulated to prevent the pursuit of short-term profits at the expense of clients, a group of market watchdogs, including those from the US and UK, has provisionally concluded.
The International Organisation of Securities Commissions was asked to look at hedge funds on behalf of the G20 of large and developing economies.
It said regulators needed to consider whether to require “strong governance mechanisms” to “counter the short-term profit motives that are often inherent in hedge funds’ operations”.
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