CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Investors Could Face New Hedge Fund Levy

Investors Could Face New Hedge Fund Levy

by Robert Lee, Tax-News.com, London

12 October 2007


The UK's Hedge Fund Working Group has put forward a proposal to charge UK investors a levy which would pay for a new standard-setting body for the industry.

The Group also called for an increase in transparency amongst hedge funds, with Chairman Sir Andrew Large explaining to the UK media that:

"The reason disclosure is at the core of this exercise is because it gives investors, lenders and other stakeholders the information they need to make better-informed decisions."

In addition to better disclosure, the industry group is reportedly seeking to introduce standards covering everything from risk management and fund governance to activism and valuation.

The suggested 'code of conduct' would additionally oblige funds to disclose stakes held in companies. Hedge funds would need to comply with the industry-set standards, or explain why they had not, according to reports on the newly announced proposals.

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

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »