Compliance Gets Complicated

For many hedge fund industry participants and observers, 2010 is shaping up to be the Year of Compliance following rumblings from global financial regulators about cracking down on practices such as naked short selling, which helped bring about the credit crisis.

With the year now half over, that outlook has yet to fully materialize, due in no small part to US, UK and European regulators seemingly using different playbooks in their approaches to clamping down on the industry. This ongoing lack