24. February 2011 15:17
ASIC released CP 147 Hedge funds: Improving disclosure for retail investors today. As ASIC points out, the complexity of hedge funds means that investors need a better understanding of how things work than with other retail funds; before they can make an informed decision regarding investment, asset valuation and leveraging (see the FIDO site for more detail). In particular, ASIC is seeking feedback on the interaction of proposed disclosure guidance with tailored PDS requirements for simple managed investment schemes.
More information is available on the ASIC site.
Comments on the paper are due by 21 April 2011.