OJK Drafts Rule on Hedge Funds
20 January 2015 11:00 WIB
TEMPO.CO, Jakarta – In a bid to meet future demands for hedge fund products as investment instruments, the Financial Services Authority (OJK) is formulating a new rule on hedge fund investments.
Hedge fund is a fund-managing portfolio known for generating high and aggressive return rate, pooling capitals from securities and other investors. Hedge funds invest in a diverse range of markets, utilizing a wide variety of investment styles and financial instruments.
OJK director for capital market supervision Fakhri Hilmi says the regulator is referring to international institutions and other countries' laws in creating the rule, including the International Organization of Securities Commissions (IOSCO). The OJK expects to be able to issue the rule in 2015.
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