The past year has seen a flurry of activity from the major international regulators around issues with a common theme: conflicts of interest. The Financial Services Authority (FSA), the UK regulator, is no exception. On the sell side, the FSA has consulted twice in 2003 directly on conflicts of...

A common perception is that, as investors in hedge funds are afforded a lesser level of legal and regulatory protections than investors in regulated products, there is a deficiency in the degree of transparency and disclosure afforded to them. This paper examines from a largely UK perspective...