CHAPTER 13
NAV/Return Reporting
The hedge fund industry is extraordinarily proprietary. The regulatory requirement that performance data be provided only to qualified investors (a person, company, or trust that has investments exceeding minimal levels established by the Securities and Exchange Commission for each class of investor) exacerbates the natural secretiveness of the industry. There is no other industry with as many participants (approximately 8,000 hedge funds) for which there is no organization broadly supporting the overall industry. Because of the extremely fragmented behavior of the industry and the lack of regulatory direction, the practices in the industry are very unstructured and inefficient. This chapter addresses the result ...
Get Hedge Fund Risk Fundamentals: Solving the Risk Management and Transparency Challenge now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.