Tuesday, October 7, 2008

IOSCO's Call for Comments

The International Organization of Securities Commissions (IOSCO) put out this Consultation Report this morning -- with a request for comments -- on Best Practices for Funds of Hedge Funds. The comment period ends January 5, 2009.

This report develops their prior piece with respect to guidelines relating to (a) a fund of hedge funds' management of liquidity risk, and (b) their due diligence processes performed before and during the investment.

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