Consultants call for categorisation of hedge fund types

Consultancy firm Laven Partners has called for much-needed categorisation of the different types of ...

Consultancy firm Laven Partners has called for much-needed categorisation of the different types of hedge funds. Speaking at the recent Financial Services Authority (FSA) Annual Public Meeting in July, the London-based consultancy said hedge funds are getting a bad name due to high-profile blow-ups, lacklustre returns and the recent credit crunch. It said further categorisation of the industry will assist growth. Laven Partners and the FSA agreed a cleaner categorisation of the industry is needed to give investors open access, especially as hedge funds are becoming more accessible through...