US President Financial Working Group To Release Hedge Fund Best Practices

Date: Tuesday, April 15, 2008
Author: Dow Jones Newswire

WASHINGTON -(Dow Jones)- Two private sector committees created by the President's Working Group will release separate sets of best practices for hedge fund investors and asset managers Tuesday.

In the media event Tuesday morning, Treasury Secretary Henry Paulson and Treasury Assistant Secretary Anthony Ryan will make remarks.

The President's Working Group on Financial Markets is made up of the heads of the Treasury, the Fed Board, SEC, New York Fed and the Commodity Futures Trading Commission. Last month, the group released a broad set of recommendations to address current market weaknesses and strengthen the U.S. financial system against future shocks.

-By Maya Jackson Randall, Dow Jones Newswires; 202-862-9255, maya.jackson- randall@dowjones.com