The best possible outcome...

Hedge fund managers should consider taking a varied approach when compiling best execution policies, as they must under a major European Union directive which takes effect on 1 November, according to leading London hedge fund lawyers.

Sean Donovan-Smith, associate at Katten Muchin Rosenman Cornish, told delegates at a recent legal briefing, that under the Markets in Financial Instruments Directive (MiFID), hedge fund managers will need to ensure they obtain best execution for "professional cl