WSJ – Hedge fund managers will have to start reporting to regulators high-level snapshots of their gross exposure to stocks and bonds and how much money they borrow from banks and other counterparties to regulators as early as September, the International Organization of Securities Commissions said Thursday.
In a template agreed by IOSCO’s members–which include the U.S. Securities Exchange Commission and the U.K. Financial Services Authority, as well as nearly all of the world’s other securities markets regulators–hedge fund managers will be required to provide general information on their business operations, such as details of their service providers, as well as recent performance data and information on investor flows in and out of their funds.
