The Regulation of Private Equity, Hedge Funds and State Funds
The recent crisis has demonstrated the potential destabilizing role of collective investments in economic and financial systems. This report considers rule relating to regulation of these funds which has differed markedly after the financial crisis. Regarding hedge funds, the rules regulating offerings, management, and taxation. Private equity funds have enjoyed relatively less regulation than hedge funds. In recent years, however, reform efforts in the U.S. and Europe have targeted both types of investment vehicles. Sovereign wealth funds play a considerable role in financial systems, holding a substantial portion of world wealth. The report surveys recent guidelines and code of conduct developed by the IMF in 2008.