Hedge Funds Say Keen to Comply As Lawmakers Probe

Summary

---

LONDON (Reuters) - Top hedge fund executives on Tuesday [Jan. 27] laid out plans to shed more light on their secretive industry as they face a barrage of criticism from lawmakers over the slow take- up of voluntary governance standards.

Executives in two high-profile Treasury Select Committee meetings on the banking crisis proposed formal and coordinated disclosure to regulators via their prime brokers, as well as limits on borrowings. The meetings - which heard from media-shy Christopher Hohn, founder of The Children's Investment Fund, and Marshall Wace chairman Paul Marshall - come as the industry faces widespread criticism on its role in short-selling banking shares.

See the full content of this document

Extract

---

Hedge Funds Say Keen to Comply As Lawmakers Probe

"There is a view that what the industry is really doing is snubbing the public and not just that, but you're making shedloads of money out of taxpayers at a time when every single ...

See the full content of this document

---