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Article: Hong Kong SFC Releases Hedge Funds Guidelines
- Article from:
- Xinhua News Agency
- Article date:
- May 2, 2002
CopyrightCopyright 2002 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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The Securities and Futures Commission (SFC) of Hong Kong Thursday
released the Hedge Funds Guidelines and the related Consultation
Conclusions to allow the retail public to invest in hedge funds.
The guidelines will be incorporated into the Code on Unit Trusts
and Mutual Funds as Chapter 8.7. With the Hedge Funds Guidelines in
place, the SFC expects that the Hong Kong public canstart buying
hedge funds by the third quarter of this year.
In publishing the results of the public consultation on the Hedge
Fund Guidelines that ended last December, the SFC said an
overwhelming majority of respondents supported the proposal to allow
hedge funds to be marketed to the public in Hong Kong.
A majority ...