IR Magazine – Leading IR professionals and investors gathered in Zurich yesterday to debate the most pressing issues facing the IR community. Both groups expressed concern over the prospect ofregulatory intervention, even with respect to unruly hedge funds.
Unsurprisingly, Charles Groves, partner and fund manager at North Atlantic Value, an activist hedge fund, is averse to the prospect of tight regulation. ‘One of the benefits of hedge funds is theirflexibility,’ he said. ‘Anything that increases the burden on hedge funds will add a burden on companies and markets.’
The head of IR at Nestlé, Roddy Child-Villiers agreed in part: ‘Personally, I’m not a fan of regulation.’ However, he added that ‘if hedge funds want us to be open with them, they need to behave asthey would want us to behave.’
