Alert January 27, 2009

Asset Managers’ Committee and the Investors’ Committee of the President’s Working Group on Financial Markets Issue Best Practices for Hedge Fund Managers and Investors

The Asset Managers’ Committee and the Investors’ Committee, two private-sector committees established by the President's Working Group on Financial Markets, have released their best practices reports for hedge fund managers and investors, respectively.  The best practices for asset managers address disclosure, valuation, risk management, trading and business operations, compliance and conflicts of interest.  The best practices for hedge fund investors address hedge fund investments and allocations, hedge fund investment policy, due diligence, risk management, legal and regulatory considerations, valuation, fees and expenses, reporting and taxation.