INVESTORS SPEAK OUT: Hedge fund regulations seen as two-edged sword; Transparency, disclosure are the hot topics.(News)

Pensions & Investments, May, 2003 by Clair, Chris

Byline: Chris Clair Institutional investors may want access to more information about hedge funds and their managers, but they fear overregulation, an informal survey by Pensions & Investments shows. "I understand why the SEC is looking at this (the hedge fund industry), but I just don't want them to overstep their bounds and hamper the industry,'' said Brian Glanz, investment officer for alternatives at the $3.6 billion Philadelphia Public Employees Retirement System.

Mr. Glanz said he has met with 30 or so hedge fund managers in recent months, as the system prepares to perhaps make its first investment in the strategy. Right now the hot-button hedge fund industry issues appear to be transparency and disclosure, which are linked, and whether hedge fund...

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