CityWire – 70% of hedge funds, including those classed as alternative investments under EU regulation, do not short stock or hedge against other holdings in the fund, says Jérôme de Lavenère Lussan CEO of the consultancy Laven Partners which advises funds on regulation.
The majority of funds, described as hedge funds, do not behave as such, says Lussan who argues that the misuse of labelling is more worrying than any sign of weakening returns.
