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Increase in transparency requirements expected

How do you think transparency and risk reports will develop? What will investors want in the short, medium and long term? How will their needs change? Aside from institutional investors, what other factors will influence these reports in the future?

Oliver Scully at Citco Fund Services in London says his company has not seen any major changes in investor requirements in the last few years but that future requirements are not clear. "Institutional investors have already been demanding greater transparency for a number of years," he points out.

"Much of this will be driven by the various industry working groups and the outcome of the current

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