Although 60% of UK hedge funds surveyed by consultants Kinetic Partners said they were strongly supportive of the industry best practices standards overseen by the Hedge Fund Standards Board, fewer than one in 10 said they would sign up to them. The HFSB standards, put together in January by a group backed by 10 hedge fund managers, lay out a recommended approach to issues including risk management, disclosure, governance and valuation. Respondents cited regulatory burden and compliance concerns as reasons why they would not comply.
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