FCA's Personal Liability for Hedge Fund Managers Too Harsh: Reuters

The Financial Conduct Authority (FCA)’s standards on personal liability for hedge fund managers can be extreme as they can extend beyond his day-to-day role, suggests Thomson Reuters. Ashley Kovas and team point out in their report titled “Regulatory Implications for Hedge Funds: What does this mean for your personal liability?” that the badge of regulation has always been something of value to hedge fund managers to counter the Wild West image of the industry.

Personal liability for hedge fund managers

They add that as part of its focus on behaviour, the FCA realized that it needed to adjust its approach to enforcement. While in the past, the Financial Services Authority’s approach had generally been...