Properly regulating hedge funds.(Other Views)

Pensions & Investments, March, 2007 by Ullman, Paul

Byline: Paul Ullman A popular perception is that the community of investment managers responsible for so-called private pools, i.e., hedge funds, is "lightly regulated,'' Unfortunately, this phrase is not particularly informative or even accurate. While it is true that the five-month-old attempt by the Securities and Exchange Commission to assert its mandatory oversight over private capital pools was invalidated last June by the U.S.

Court of Appeals for the District of Columbia, many hedge funds have been regulated by the SEC on a voluntary basis for years. Other managers, by virtue of their investment strategies, are obligated to register with different regulatory bodies including the Commodity Futures Trading Commission and the National Futures...

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