COC

Regulation of hedge funds: Why is it a Social Security Issue ? (November 2007)

Rethinking Bretton Woods | Sat, Nov 24, 2007

By Aldo Caliari

In this article, appearing in the Social Watch Report 2008, Aldo Caliari argues that the regulation of hedge funds has become imperative from a social security perspective.

Regulation of hedge funds: Why is it a Social Security Issue ? (November 2007) In this article, appearing in the Social Watch Report 2008, Aldo Caliari argues that the regulation of hedge funds has become imperative from a social security perspective.   Originally, hedge funds were supposed to be very specialized investment vehicles whose access was highly restricted to sophisticated investors. But the last few years have seen a considerable broadening of the investor class with access to hedge funds. Governments are also increasingly investing their pension programme money in hedge funds. Since the funds are accessible to common citizens, the need for public intervention to ensure that investments are carried out according to good practices and standards, that managers meet integrity and competence criteria, and that transparency and disclosure requirements are implemented, makes eminent sense.   Full article can be downloaded by clicking here.

AttachmentSize
PDF icon Regulation_of_HedgeFunds2007[1].pdf139.04 KB