From black box to open book: Hedge fund trust and transparency

July 2012
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From black box to open book: Hedge fund trust and transparency

At a glance

US hedge funds have enhanced transparency, controls and infrastructure, gaining the trust of institutional investors. Across the hedge fund value chain, a new framework is emerging that is improving investor protection that is still in process.

US hedge funds have significantly enhanced their transparency, controls and infrastructure, helping to win the trust of institutional investors that is critical for their future growth. Across the hedge fund value chain, a new framework is emerging that is improving investor protection. But this evolution remains a work in progress, with inefficiencies and areas for improvement yet to be addressed.

PwC explores how each member of the hedge fund value chain - manager, investor, administrator, prime broker, auditor and director - are adapting to this new paradigm and can strengthen trust in the sector. The findings are highlighted in this thought leadership piece.

This paper is one of a three-part series on the global impact of trust and transparency in the hedge fund sector.  To read more on this issue, please click on the links below:

Click here for PwC observations on the European hedge fund sector

Click here for PwC observations on the Asian hedge fund sector