[Jay 1]

Is there anyone here with knowledge of hedge funds--either on the business end or more on the regulatory side? I am writing on the topic and would appreciate any insights.

Jay 1

[freeier]

wat u need to know ? there used to be a hedge fund sales guy around not sure if he is still posting...

anyway just post your questions someone is bound to be able to answer them

[Sino Defender]

Originally Posted by Jay 1

Is there anyone here with knowledge of hedge funds--either on the business end or more on the regulatory side? I am writing on the topic and would appreciate any insights.

Jay 1

what do u wanna know? i have a ppt that tells you pretty much everything about it.

[Jay 1]

If you could e-mail it to me I would appreciate it. Right now, I am trying to figure out what the implications (of the new SEC rules and the Goldstein case) will be for CPA's.

[freeier]

CTAs ? CPAs ?

[Sino Defender]

Originally Posted by freeier

CTAs ? CPAs ?

cpa is an accounting test.

well, the ptt i have is more of an introduction to it.

it doesn't include information on sec regulations, however.

[freeier]

so precisely why wld an accountant want to know the implication of hedge fund to the accounts..

keep in mind that different country wld look at it differently. basel II is going to impact some especially the financial institutions for risk weighting consideration..

[Jay 1]

Freeier: CPA = Certified Public Accountant. As for why would an accountant want to know about the implications of hedge funds, that indeed is the question; just the nature of my inquiry. It is a pointed question, I know, but that is what I am trying to ferret out. The focus of Basel II is—much like its 1988 predecessor—capital adequacy, only the new accords prudently take into account that not all credit risks are equal. That is all I know.

Sino Defender: If you could e-mail me your PowerPoint presentation it would be a good primer. I can get the SEC regulations through work.

[freeier]

yap precisely, not all credit risk are equal. and not all countries treat it in the same way. so if you are looking at the US accounts better to talk to some US consultant in basel II. if you are talking about Japan (which incidentally is one of the biggst market for hedge fund) then maybe you can forget about it for a while because nobody really know how the authority wants to interpret it.

[Jay 1]

Freeier: Right now I am more concerned about the implications for accountants in Hong Kong and the U.S., though, if anyone wants to add their thoughts regarding the U.K. it would be illuminating. I know that different jurisdictions regulate them differently. For example, the British F.S.A. regulates them as though they were any other fund or financial product. My point is: I am trying to move beyond what such rules mean for the fund managers and their clients and concentrate on their accountants. If you see or hear anything, please send it my way.

Jay