June 15, 2006
Hedge fund managers unhappy with governance
U.S. securities regulations restrict hedge fund managers from publicly discussing their fund performance, fund-raising or other matters that may be interpreted as advertising to the general public. These hassles, they believe, restrain their ability to respond to articles that may be inaccurate. Washingtonpost.com reports:
A media focus on a handful of frauds such as that involving Bayou Management, a collapsed Connecticut hedge fund, along with reports of hedge fund managers' lavish lifestyles, has given the industry a negative image that isn't being offset by positive comment, industry officials said.
Read more: Hedge fund executives want publicity rules changed
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