The Securities Industry and Financial Markets Association (SIFMA) today responded to the President’s Working Group statement on the benefits and risks of hedge funds.
“The President’s Working Group has taken a thoughtful and judicious approach to many of the investor protection and systemic risk issues which surround hedge funds,” said Micah Green, co-CEO of SIFMA. “We appreciate the efforts of this broad group of US government agencies and we expect further study of their proposals.”
“Too often, regulators reach immediately for new laws or rules which can have the unintended consequence of stifling innovation or smothering markets,” added Green. “By instead providing principles and guidelines, the President’s Working Group has recognized the importance of flexibility and efficiency in a healthy marketplace.”
