Large heads hedge fund working group

A working group of hedge funds has been set up to review best practice in the hedge fund industry and potentially draw up a set of voluntary standards.

The group of 13 hedge fund managers, headed by Andrew Large, former deputy governor of the Bank of England, will examine issues such as valuation, disclosure and risk management.

"This industry-based initiative will look at different areas of practice where existing best practice is satisfactory, to see where it might need to be improved and if

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