Advisory groups propose 'best practices' for hedge funds
Two advisory groups assembled by the Bush administration proposed new ``best practices'' for the hedge fund industry, but a leading critic attacked the effort as falling far short of the mandatory government regulations that are needed.
In the face of faster trading speeds, increased volume, growing instrument complexity and greater globalization, hedge funds must manage a wider array of risks today than even five years ago, a report by Advent Software/Beacon Consulting says.