{"id":6952,"date":"2008-01-03T00:00:00","date_gmt":"2008-01-03T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-code","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2008\/hedge-fund-code.html","title":{"rendered":"Hedge fund code"},"content":{"rendered":"<div class=\"intro\">\n<p>    Financial News Online US- Plans for a hedge fund code of conduct need to be beefed up to protect institutional investors piling cash into the industry, Albourne Partners, one of the biggest UK    specialist advisers, warned on Wednesday.  <\/p>\n<\/div>\n<div class=\"storytext\">\n<p>    Albourne said more detailed standards were needed to ensure that hedge funds complied with the spirit of the voluntary rules. In a letter to Hedge Fund Working Group &#8211; established last year to    draw up a set of best practice guidelines &#8211; Albourne called for asset managers to have proper governance, with a majority of non-executives, face-to-face board meetings and experienced directors.  <\/p>\n<p>    It said funds should abandon the \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cboilerplate\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d that makes up most prospectuses, provide proper descriptions of what they do and add a minimum standard for rapid disclosure of key changes, such as    top staff turnover, legal action, big drops in assets or changes to investment objectives.  <\/p>\n<p><a href=  \"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/7-0&amp;fd=R&amp;url=http:\/\/www.financialnews-us.com\/%3Fpage%3Dushome%26contentid%3D2349485492&amp;cid=0&amp;ei=N798R-D9FJOaqwOyhbjFDg\"><strong>Read  Complete Article<\/strong><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Financial News Online US- Plans for a hedge fund code of conduct need to be beefed up to protect institutional investors piling cash into the industry, Albourne Partners, one of the biggest UK specialist advisers, warned on Wednesday. Albourne said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6952","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6952"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6952\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}