NEW YORK, Nov 14 (Reuters) – With more institutional investors looking to hedge funds to boost returns, objective information about the secretive asset class is more in demand, particularly at a time when fraud seems on the upswing, experts say.
Now one group, the Connecticut Hedge Fund Association, is looking to fill a gap between perceptions and reality about the $1 trillion-and-growing asset class, where managers execute sometimes arcane strategies to generate above-market returns.
The association, which held its first full board meeting last Thursday, isn’t out to promote hedge funds and their managers – other trade groups like the Managed Funds Association do that – but instead aims to be a clearinghouse for information for investors and others in the industry, said President Bruce McGuire.
