Eric Mindich, the chief executive of Eton Park Capital Management, said hedge funds have a greater responsibility to be proactive about best practice guidelines as the influence of the $2 trillion (€1.3 trillion) hedge industry upon financial markets continues to grow.

His keynote speech at the Securities Industry and Financial Markets Association hedge fund summit in New York was Mindich’s first since the close of the public comment period for best practice guidelines drafted by committees tied to the President’s Working Group in April.