Swiss wealth manager predicts more hedge fund regulation
Banque Safdie SA, the Swiss wealth manager that redeemed money invested with Bernard Madoff three years before his alleged Ponzi scheme unravelled, has predicted more hedge fund regulation following the scam, according to a Bloomberg report.
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.