Investments
Aug. 4, 2006
Errant Ruling Needlessly Delays Regulation of Hedge Funds' Abuses
Forum Column - Recently, The New York Times reported that "there are 8,800 hedge funds, managing some $1.2 trillion in assets, an increase of nearly 3,000 percent over the last 16 years."
By Allan N. Littman
Recently, The New York Times reported that "there are 8,800 hedge funds, managing some $1.2 trillion in assets, an increase of nearly 3,000 percent over the last 16 years." Despite the risks hedge funds pose to securities markets, and to investors generally as well as to those investing in hedge funds, a plainly erroneous ruling by a federal court of appeals has stalled their regulation by the Securitie...
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