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About: News Archive
IRC tackles Hedge Fund Transparency & Disclosure |
| 20-Dec-2002 |
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The Investor Risk Committee had a very busy fall! We hosted three more meetings in our series on hedge fund disclosure and transparency – and all of them were lively affairs with frank debates and new initiatives!
The first meeting was held at the Rainbow Room, in New York City on September 26. Panelists included IRC Steering Group members, Jean Karoubi, (The LongChamp Group), Bill McCauley (III Offshore Advisors), Bill Miller (Rockefeller Foundation) and David Mordecai (The Clinton Group). Our two IRC Chairs, Leslie Rahl (Capital Market Risk Advisors) and Giovanni Beliossi (FGS Capital) finished the panel and our moderator was Tanya Styblo Beder (Caxton Associates), the Chairman of the IAFE.
The September meeting saw a dynamic exchange on topics such as the SEC’s interviews with hedge funds managers and the process of developing best practice for individual hedge fund strategies. The debate continued at the cocktail reception, as people socialized in front of a stellar view of the Manhattan skyline.
The next Investor Risk Committee Meeting was held in Stockholm on October 28. This debate was led by Thijs Coenen (ABP), one of our IRC Steering Group Members. Panelists included Johan Ahlstom (Allianz Hedge Fund Partners), Daniel Barr (AP-7), Kelsey Biggers (K2 Advisors), and Laura Mannistö (Ilmarinen Pension Insurance). Giovanni Beliossi (FGS Capital), the European Chair of the IRC, concluded the meeting by observing that there seemed to be a convergence between European investors and hedge fund managers over a set of transparency and disclosure requirements based on the principle of synthetic, exposure-based information. This convergence will inform the future work of the IRC in Europe.
In Boston on December 10, the Investor Risk Committee held its final meeting of the year in conjunction with Riskinvest 2002. A panel comprised of IRC Steering Group members Leon Metzger (Paloma Partners), David Mordecai (The Clinton Group) and US IRC Chair Leslie Rahl (CMRA) evaluated the preliminary response to a series of surveys the IRC sent out to the hedge fund community in November on the topic of valuation.
Audience comments strongly emphasized the importance of the survey findings on hedge fund managers, fund of fund managers and institutional investors’ treatment of valuation. In response, the deadline for submitting surveys has been pushed back to January. |
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