Is Glasnost Coming to Risk Aggregation-Linux Style-to Hitch Up Hedge Fund Skirts?
| Jun 28th, 2011 | Filed under: Hedge Fund Operations and Risk Management, Timely Research, Today's Post | By: AAA Staff |
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By Hamlin Lovell
Back in the 1980s the leader of what was then the USSR, Mikhail Gorbachev began moving away from hard-core communism with reforms under two watchwords: perestroika (change) and glasnost (openness). Extreme secrecy was reduced to the point where investigations could be conducted into alleged KGB crimes, although Russia still refuses to extradite perpetrators of atrocities such as Lithuania’s Rainmai massacre of 1941. Now, alluding to the tribunals that accompany regime change, truth and (administrator assisted accounting) reconciliation could be coming to hedge fund investors, but will it go far enough?
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