At a time when politicians are calling for tighter
supervision of hedge funds, AIMA's role in engaging with global
regulators and policy-makers appears to be bearing fruit
With the G20 Summit in London in April looming, the threat
of some kind of politically-fuelled global crackdown on hedge
funds is still very much alive as part of a package of measures
to stimulate the world economy and respond to the global
Political rhetoric has reached new extremes in recent weeks,
with UK prime minister Gordon Brown - who is hosting the Summit
- exhorting the US Congress earlier this month to help him
"outlaw shadow banking systems and tax havens" and with leading
G20 members like France and Germany also pressing for strict
regulation of hedge funds.
But the publication this week of FSA chairman Lord Turner's
widely-anticipated Review outlining the proposed regulatory
response to the global banking crisis has left...