HedgeWorld recently reported that Global market regulators have published new rules spelling out how small investors putting money into funds of hedge funds should be protected.
The International Organisation of Securities Commissions (IOSCO) published its final set of standards on best practice for funds of hedge funds investing.
Fund of hedge funds’ managers will have to make sure there is enough liquidity to meet redemptions. Managers should also set up proper due diligence procedures before making investments and ensure the fund has properly trained staff to do so.
What steps have you taken as a manager to make sure you have proper due diligence procedures in place?
Let us know in the comments…
