12 June 2013
HFMWeek discusses the UK economy, regulatory issues and investor sentiment with hedge fund professionals at a special event in London, attended by Vitaly Nechaev, Senior VP of Engineering at DataArt. ‘Speaking to attendees from across the hedge fund industry, HFMWeek found a degree of uncertainty about the impact of new regulatory requirements… There was concern from Vitaly Nechaev, of technology firm DataArt, who questioned whether the industry was taking the necessary steps to deal with regulatory burdens from a systems implementation perspective.
“Surprisingly, we estimate that about half of the market players are not proactive enough and have barely begun to address the new regulatory hassle,” Nechaev said. “They had better be nimble in formulating their strategy, given the tight deadlines.”’