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ASIC releases draft disclosure guidance for hedge funds-continued

The guidance, contained in Consultation Paper 174 Hedge funds: Improving disclosure Further consultation (CP 174), sets out the specific features and risks of hedge funds that should be addressed in a Product Disclosure Statement (PDS) for these products.

ASIC Chairman Greg Medcraft said it was necessary to ensure that disclosure gives investors the information they need to make an informed investment decision, which may include a decision not to invest in these products.

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view Consultation Paper 174 Hedge funds: Improving disclosure-Further consultation

Source: Australian Securities and Investments Commission (ASIC)