New Ontario Securities Commission Chairman W. David Wilson recently gave a speech in which he highlighted that the recent scandals involving hedge funds and said there is a need for more transparency, and by extension, more regulation, according to Hedge World News.

"Given the increased prominence of hedge funds in the Canadian marketplace, we must consider measures designed to ensure that hedge fund managers provide fair, full, accurate and timely information to their investing clients," Wilson said. "And we must consider the steps we should take to improve transparency regarding fees and risks within the often complex provisions of their financial maze. Today such regulation is a new frontier."

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