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Fund managers down on regulation
Just one in 10 investors believe forthcoming regulatory requirements on hedge funds will protect their investments interests, a survey by Ernst & Young reveals today. A further 85 per cent of investors do not believe regulatory requirements will help prevent the next financial crisis. Ratan Engineer, asset management global leader from E&Y said: “It may still be worthwhile for hedge fund managers to constructively engage with regulators to help them stay focused on the main goal – financial stability – rather than introducing more costly or unnecessary requirements that investors feel are of little value.” The report is the sixth annual survey of the global hedge fund market.