The value of hedge funds

Wed Apr 20, 2011



  For the digital version of the Global Review, please click here

Andrew Baker, chief executive officer, Alternative Investment Management Association

The financial crisis placed the global hedge fund industry under unprecedented pressure. Not only did it lead to a significant contraction of the industry - now largely reversed - but it also created major legislative and regulatory challenges that we continue to face today. Lawmakers around the world felt free to criticise the industry and to propose unhelpful laws restricting investors' choice, damaging market efficiency and needlessly raising costs, thereby threatening the very future of the sector. ...

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