Trichet supports hedge fund code of conduct

There is growing support around the world for a proposed voluntary code of conduct for hedge funds, European Central Bank president Jean-Claude Trichet said recently.

According to a report in the Financial Times, Trichet said there is an "emerging consensus" in favour of a code to cover risk management within hedge funds and the exchange of information between funds and their bankers and between funds and their investors.

The comments come as G8 finance ministers meet in Potsdam, Germany to dis