CFA body begins hedge-fund advocacy in Asia

The CFA Institute, which represents the global community of certified financial analysts, is establishing an advocacy centre in Hong Kong to cover the Asia-Pacific region, and among its first projects is to introduce standards to the hedge fund industry. Kurt Schacht, New York-based managing director at the Institute, says scandals such as Enron in the United States have prompted calls from various parts of the industry for a group such as the Institute to comment and push for best…