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Hedge fund assets under IOSCO’s management hit $2.6tr




…Andrews emerges new Secretary General
The hedge fund assets under the management of International Organisation of Securities Commissions (IOSCO), has hit $2.6 trillion, representing 34 per cent growth over the previous year’s level.

A hedge fund is an investment fund that pools capital from a limited number of sophisticated individual or institutional investors and invests in a variety of assets, often with complex portfolio construction and risk management techniques. Like mutual funds, hedge funds are pools of underlying securities.

IOSCO attributed the growth to changes in asset values, net inflows and fund structures, which also reflects more widespread and accurate reporting across participating jurisdictions.

According to IOSCO, “the aim of the IOSCO survey is to gather data from hedge fund managers and advisers about the markets in which they operate, their trading activities, leverage, funding and counterparty information. It forms part of IOSCO’s efforts to support the G20 initiative to mitigate risk associated with hedge funds.

“The IOSCO Hedge Fund Survey remains the only global view on hedge funds from a regulatory perspective and is therefore of key interest to the wider global debate on related issues. The use of equity-based strategies remains the most popular amongst hedge funds.”

IOSCO said it would continue to discuss how the survey can be further improved upon to enhance regulators’ understanding of hedge fund activities and their risks through its policy committee on investment management.

It added that it would consider the consistency and appropriateness of the data and metric definitions used for the elaboration of the survey, taking into account the evolution of regulatory regimes within the Committee and the type of information available.

Meanwhile, the Board of the IOSCO, yesterday, announced the appointed Paul P.Andrews as its new Secretary General.

Andrews is currently the Vice President and Managing Director of International at the Financal Industry Regulatory Authority (FINRA). According to IOSCO, he will take up his position at IOSCO for a three year renewable term in March 2016.

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