The Alternative Investment Management Association has just
issued The Guide to Sound Practices for Funds of Hedge
Funds Managers, a first designed for the funds of hedge
funds industry that is aimed primarily at investors, managers,
advisors and other stakeholders.
The guide sets out clear recommendations for sound practices
in the following areas: creating and managing a funds of hedge
funds business; investment process and portfolio risk
management; administration and operations; raising capital and
investor relations; and fund structures and governance.
InvestHedge will take a deeper look at the contents of
the guide in the June 2009 issue.
The timing for such a guide is...