The HFWG report (http://www.hfwg.co.uk/?section=10365) consists of two parts:
Extract from the report forward:
It is clear that the hedge fund sector has emerged as a major factor in the asset management arena. The sector’s size and activity increasingly touch us all. And yet many charges are levelled at the sector. Some of them are well founded, others less so. But what is clear is that many of them have been too long left unanswered. So what struck me when I was asked to chair this group of some of the leading hedge fund managers was that this report was needed. It has always seemed to me that areas of finance which are not well understood can benefit from articulating the ways that practitioners think about their business. That after all is what underlies all standards of best practice. And it is vital that such standards are put together by the people who carry on the business. They know how it works and they know the realities underlying the issues that are raised. So the fact that some of the most prominent members of the industry in the UK have led this initiative strikes me as hugely significant. Sir Andrew Large,Chairman of the Hedge Fund Working Group
Sir Andrew Large
Chairman of the Hedge Fund Working Group
October 2007