IPE.com 11/Oct/05: UK – The head of financial market stability at the International Monetary Fundsaid the Dutch financial regulator AFM “was not wrong†to be concerned about the lack of transparency in hedge funds.
“Transparency is better today than it was in years past,†Todd Groome told IPE. “But it could be better,†he said, referring to statements last month by the Autoriteit Financiële Markten. Groome wasspeaking in his personal capacity.
Improved transparency was attributed to the inflow of institutional money coupled with institutional demands on hedge funds for greater transparency.
