The Asia Pacific’s hedge fund sector requires greater investor protection, governance and regulatory oversight, according to a survey conducted by the Hong Kong-based CFA Institute.
The CFA Centre for Financial Market Integrity Asia-Pacific Hedge Fund Survey revealed that 77 per cent of respondents supported greater regulation by financial services authorities and securities regulators, with 49 per cent believing regulation should apply to both retail and wholesale investors.
The survey, conducted in January, sought the views of industry participants in Hong Kong, Singapore, Japan and Australia regarding the regulation of hedge funds and the degree to which best practices had been established and honoured by firms in the industry.
The survey found that 68 per cent of respondents believed that the requisite skills for independent evaluation of hedge funds were available in the Asia-Pacific region.
