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ARTICLE · 06 FEBRUARY 2004

BMA to Introduce "Far-reaching" Changes to Hedge Fund Regulations

Bermuda International Business Association
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Cheryl Lister, Chairman and CEO of the Bermuda Monetary Authority - the body responsible for regulating the financial services sector, announced plans to introduce "far-reaching" changes to Bermuda's alternative investment regulations in a speech given at a BIBA (Bermuda International Business Association) sponsored event held recently

BermudaFinance and Banking

Cheryl Lister, Chairman and CEO of the Bermuda Monetary Authority - the body responsible for regulating the financial services sector, announced plans to introduce "far-reaching" changes to Bermuda's alternative investment regulations in a speech given at a BIBA (Bermuda International Business Association) sponsored event held recently.

Mrs. Lister provided a brief overview of Bermuda's hedge fund sector, citing its fairly recent origins and the incredible growth and success that has followed. Mrs. Lister however was careful to point out the market volatility that exists as a result of the large scale of hedge funds under management and the ability to react quickly to changing market conditions.

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