FCA’s Personal Liability for Hedge Fund Managers Too Harsh: Reuters
The Financial Conduct Authority (FCA)’s standards on personal liability for hedge fund managers can be extreme as they can extend beyond his day-to-day role, suggests Thomson Reuters. Ashley Kovas and team point out in their report titled “Regulatory Implications for Hedge Funds: What does this mean for your personal liability?” that the badge of regulation has always been something of value to hedge fund managers to counter the Wild West image of the industry . . .
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