Compliance
UK Regulator Names Hedge Fund Supremo
The UK’s financial regulator, the Financial Services Authority, has named Andrew Shrimpton as the head of a new six-strong unit specifically...
The UK’s financial regulator, the Financial Services Authority, has named Andrew Shrimpton as the head of a new six-strong unit specifically set up to supervise the 25 hedge funds that have a high impact on financial markets. Mr Shrimpton is currently head of asset management at the FSA.
Mr Shrimpton will start work at the end of October when the consultation period for two discussion papers on hedge fund regulation is due to end. The FSA would not name the 25 funds nor speculate on the nature of the supervision.
The FSA has recently stated that it is not considering radical change in the supervision of hedge funds.
