Hedge fund regimes come under closer scrutiny as industry matures and expands

Regulation differs between jurisdictions and can affect the way hedge funds conduct their business. Stephen Quigley and Jamie Wynn-Williams give an overview of regulations and fund administration, focusing on some of the main jurisdictions around the world.

While regulation of hedge funds has been relatively light so far, recent market turmoil, coupled with the growing size of the hedge fund industry, is likely to push governments to take a closer and more hands-on approach to hedge fund regimes. Service providers, and in particular fund administrators, are already the focus of much regulation.

Although there are subtle differences between regulations, jurisdictional arbitrage is a dying art. Any advantage one hedge fund domicile may have does not