Speaking at a Securities Industry Association conference last Wednesday, Securities and Exchange Commissioner, Democrat Roel Campos urged the SEC to move ahead with the imposition of guidelines on how hedge funds value investments.
Mr Campos told those attending the conference that strategies employed by hedge fund managers run the risk of "obfuscating any clear understanding of the underlying risk".
He went on to add, according to reports, that the funds "often invest in illiquid or complex assets for which there is no public market, and fund administrators rely on pricing from the fund advisers".
However, he sought to reassure those fearful that the SEC has a "secret plan" to strictly regulate hedge funds, explaining that:
"The SEC's limited regulation framework is the right, light touch."
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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