It’s not before time – but it’s better late than never. The establishment of a high-level hedge fund manager working group in Europe is a welcome and very important development for which the industry has had an urgent need for a long time.
It has long been clear that the hedge fund profession needed a strong industry representative body – and one formed by the principals of hedge funds themselves, not by service providers or by other industry participants.
There are so many big issues out there – tax, valuations, transparency, activism, market abuse, insider trading, regulation, political intervention and public perception in its broadest sense – that need a concerted voice. And the time when the industry could collectively bury its head in the sand is long gone.
It has been clear for some time that the Alternative Investment...
