July 26, 2006
Hearing on hedge funds
The U.S. Senate Banking Committee plans to hold a hearing on July 25 to discuss the regulation of hedge funds. This is probably in response to a bill that was introduced in the House of Representatives to revive efforts to tighten government oversight of the hedge fund industry. Reuters.com reports:
A federal appeals court last month threw out an SEC rule adopted in 2004 that required most U.S. hedge fund advisers to register with the investor protection agency and submit to occasional inspections.
Read more: U.S. Senate committee sets hearing on hedge funds
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