WEST PALM BEACH, FL (www.hedgeco.net) – Officials attending a financial forum in Tokyo agreed to closely watch hedge fund exponential growth in addition to beefing up corporate governance as newefforts increase global financial well-being. The forum also stressed the importance of also watching the global current account deficits as well as commodity prices as factors that may help tostabilize the global economy.

The forum said in a release, “Members discussed the continued rapid growth of the hedge fund sector and the systemic importance of hedge funds-counterparty relationships.� The forum was chaired by the vice-chairman of the U.S.Federal Reserve, Roger Ferguson. Others financial officials in attendance were drawn from the G7 group of countries including Hiroshi Watanabe, Japan’s vice finance minister for international affairs, and Randal Quarles, the U.S. Treasury’s assistant secretary for international affairs.

Members of the Financial Stability Forum {FSF}, drawn from the United States, Japan, and other world economies also discussed new developments in the Chinese economy particularly the need for China to release its artificial peg to the dollar. The forum paid particular attention to the fastly developing global hedge fund sector. In a joint statement about hedge funds, the group said, �FSF will continue to review developments with respect to hedge funds at subsequent meetings.� The Financial Security Forum was formed in 1997 following the currency crisis in much of Asia.

Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net

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