Hedge fund managers have been forced to address issues such as investor reporting and risk management because of the financial crisis, it has been revealed.
A study by Ernst & Young (E&Y) found that 80 per cent of fund managers have encountered investor pressure to boost disclosure levels.
Additionally, 38 per cent of respondents had changed their approach to investor reporting this year, while 27 per cent had tackled the issue of risk management.
Ratan Engineer, global leader of E&Y's asset management practice, said: "All of these increased disclosures are seen by the industry as worthwhile initiatives, in which the benefits clearly outweigh the costs."
However, more than half of respondents admitted they only share some information with those who ask.
Recently, the US Securities and Exchange Commission and the Financial Services Authority revealed they are looking at new ways of regulating hedge funds in order to promote stability following the credit crunch.
Show me Management Accountant jobs.
