COMPANIES Regulation is coming to the hedge fund industry, and the world’s top traders know it. In Britain and the US hedge funds have set up new codes of conduct in an effort to head off heavy-handed regulation, while industry lobbyists have hired senior central bankers and politicians.
The latest to switch sides is Todd Groome, who moved last month from the International Monetary Fund to become chairman of the Alternative Investment Management Association, the London-based trade body for hedge funds.
