The Japanese Financial Services Agency has announced that it will start to monitor the assets under management of hedge funds from September, in an attempt to assess the risk posed by the growing hedge fund sector.
According to reports, hedge funds in Japan have more than $36 billion in assets under management, and the recent decline in the share prices of some of the smaller listed companies has sparked fears that a coordinated response to this or future developments on the part of the hedge fund industry could have a disastrous effect on the country's markets.
In addition to seeking information annually on assets under management, the Financial Services Agency will reportedly also question hedge fund managers on the strategies that they employ.
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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