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Article: Hong Kong Regulator Sees Value in Hedge Funds
- Article from:
- Daily News
- Article date:
- January 26, 2007
- Author:
CopyrightCopyright 2007 Daily News. Provided by ProQuest LLC. (Hide copyright information)
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HONG KONG (HedgeWorld.com) - The executive director of
intermediaries and investment products for the Hong Kong Securities
and Futures Commission called hedge funds an "exciting product" at a
conference on the outlook for the fund management industry in the
Asian financial capital.
Alexa Lam devoted much of her address to hedge funds in
particular, and she said that those "exciting" hedge funds ought to
be available to the retail public. Such a declaration by a regulator
usually precedes the qualification that there are certain "key areas
of concern," and this speech obeyed that rule.
One of Ms. Lam's concerns is that some hedge fund managers give
preferential treatment to certain investors ...