Self-regulation dominates MFA hedge fund guidelines.

Financial News, August, 2003

Byline: Anuj Gangahar

The Managed Futures Association, the US industry body, has emphasised the need for self regulation in its new guidelines for hedge funds in advance of the Securities and Exchange Commission's (SEC) regulation proposals, due later this year.The trade group represents the interests of hedge fund managers and commodities trading advisors. In its report entitled Sound Practices for Hedge Fund Managers, the group stresses the importance of mangers' self regulation.

Analysts said that the MFA is concerned that the SEC may choose to impose potentially damaging restrictions when its investigation into the industry comes to an end.

The report said: "The recommendations have been developed and updated in the belief that the most...

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