Hong Kong to require hedge fund disclosure
What are the long-term implications for the asset management industry as a whole?
Hong Kong's Securities and Futures Commission is expected to release draft rules next week that will require hedge funds marketing their product to local retail investors to disclose information about their operations.According to sources familiar with the situation, the draft envisages a high degree of regulation - one that is alien to the hedge fund community globally.The implications of this have led some market participants to wonder why Hong Kong's regulators would take a radical…
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