UK - Edhec business school is launching a consultation paper that aims to improve reporting standards of fund of hedge funds.
The move follows the publication of Edhec’s European Alternative Multi-management Practices Survey, in which investors criticised the standards of and the “inappropriate content” contained within the reports produced by fund of hedge fund providers.
To remedy this, the paper proposes that fund of hedge fund managers alter their reporting methods to include risk factors, extreme risk, style analysis and the decorrelation properties of funds of hedge funds, without the detailed content of each fund being required.
Hedge fund managers, consultants and investors have until May 31 to respond to the consultation paper, Fund of Hedge Fund Reporting: A Return-Based Approach to Fund of Hedge Fund Reporting.
Edhec says the initiative is part of the research programme on alternative investment conducted by its Risk and Asset Management Research Centre.
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