March 28, 2006

Regulators shut down three hedge funds

The financial regulators in Ireland and Britain are getting into action against the hedge funds industry at large. The Irish Financial Regulator in a display of grit, shut down three hedge funds operated by Broadstone Fund Management, a Dublin-based investment management firm. adireland reports:

Meanwhile a study by its British equivalent, the Financial Services Authority (FSA), highlighted concerns over potential conflicts of interest among fund managers and unfair treatment of investors. Hedge funds are specialist financial instruments that aim to deliver returns for investors by actively trading shares, commodities such as oil and gold, and derivatives such as put and call options and interest rate futures.

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March 28, 2006 in Regulation | Permalink




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