HK regulators outline new hedge fund rules

At a conference this Tuesday organised by Hong Kong's Securities and Futures Commission (SFC), executive director Andrew Proctor outlined the key points of a consultation paper on the regulation of hedge funds issued by the SFC.The paper, issued at the weekend, aims to lay the ground rules for the authorization of local hedge funds to be made available to the investing public. Over the next six weeks, the SFC expects to receive a string of submissions from investors, fund managers, di…