September 30, 2006

Federal Study on Hedge Funds

In an effort to understand the hedge fund industry, the U.S. House of Representatives passed a bill earlier this week to seek a federal study of hedge funds. The President’s Working Group on Financial Markets, a multi-agency committee, is required to undertake the study of hedge funds, including their risks and regulation.

The bill was written by Delaware Republican Rep. Michael Castle. The U.S. Securities and Exchange Commission had earlier tried to gain some control over the $1.2 trillion industry by mandating that funds register with it and allow occasional inspection of their books. The ruling was thrown out by a court in June this year. 

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September 30, 2006 in Research | Permalink




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