SEEING SUMMARIES; World Bank, Measurisk deal aims to provide hedge fund transparency.(World Bank, Measurisk.com)(Brief Article)

Pensions & Investments, December, 2000 by Clair, Chris

Public pension fund and retirement plan sponsors say cracking the traditional shield of secrecy surrounding hedge fund managers' investment strategies and allowing plan sponsors a peek inside could make hedge funds more popular with institutional investors, particularly municipal- and state-sponsored plans that are subject to public scrutiny.

A new agreement between the World Bank in Washington and Measurisk.com may offer one way to provide such transparency for hedge fund investments, at least in terms of risk analysis. As part of the deal, 25 World Bank hedge fund managers have agreed to give New York-based Measurisk detailed information about their investment strategies and positions. Measurisk will use that information to calculate value at risk and...

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