This document had previously passed this correspondent by: DP12/1 - Implementation of the Alternative Investment Fund Managers Directive. H/T Sarah Butcher.

Open that, hit control F and type “remuneration.” Result = 50 mentions.

50

 

There’s a cluster of mentions around sections 4.19 thru 4.24. If you or someone close to you is a hedgie, have a cold towel to hand before consulting the detail.

In short, it appears that hedge funds are being asked to provide similar levels of disclosure on pay and bonuses to that expected of UK listed companies — i.e. firms that are owned by the wider British public. And it’s way beyond the executive disclosure requirements practiced across most of the continent and also the US.

Is that reasonable and/or fair?

Hedge fund managers didn’t cause this crisis. Why bomb Mayfair?

Related links:
Hedge fund and private equity pay targeted by FSA – The Telegraph
Hedge funds give Greek bonds wide berth – FT

 

 

 

This entry was posted by Paul Murphy on Wednesday, January 25th, 2012 at 16:05 and is filed under Capital markets, Hedge funds. Tagged with Alternative Investment Fund Managers Directive, fsa, hedge funds, remuneration. Edit this entry.