WSJ – The lobbying association for the hedge fund industry told Dow Jones Newswires it will begin to ask for key financial data from hedge fund managers, the group’s latest move to be a more effective lobbyist for an industry under fire from regulators.
The Managed Funds Association said it will ask for key data from managers using PerTrac Financial Solutions’ P-Card system, which is a self-reporting system for hedge fund managers to disclose information to investors. P-Card data contain information including portfolio exposure, investment returns and levels of borrowed money from managers of hedge funds, funds of funds and managed futures funds.
