Newsletter Nov 2007: Hedge funds are urged to practice high standards

WASHINGTON – A fresh move by the hedge fund industry to improve its public image and raise its standards came in early November when the Managed Funds Association (MFA), published a new version of its sound practices recommendations for hedge fund managers. This is the latest in a series of initiatives to address concerns about the financial impact and operational risk management of an industry that is still largely unregulated in the US and some other countries.