Hedge Funds: Will the industry finally have a stronger voice?
Nick Evans, editor of EuroHedge, applauds the creation of a hedge fund manager working group.
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 Management Association, for all its good endeavours and its excellent work in promoting industry standards and best practice in a number of technical areas, needed help in representing the hedge fund community adequately at the highest political, regulatory, business and media levels.