Tuesday, March 17, 2009

Hedge Fund Industry Representatives to Embrace Global Standards

As reported by Reuters, The Alternative Investment Management Association (AIMA), the President's Working Group on Financial Markets (PWG) and the Managed Funds Association (MFA), three influential hedge fund representatives, have declared to the Financial Stability Forum their readiness to adopt globally applicable industry standards. The news comes in light of the financial summit of the G-20 leaders, where finance ministers are anticipated to consider regulatory action with regards to the hedge funds industry.