Hedge Fund Regulation Is Backfiring

By closing their funds to outside investors, these managers will be able to escape attempts to regulate them. They won’t be classified as hedge funds anymore. Despite their billions of dollars under management, they’ll simply be private investors or family funds.

So predictable. Who’d a thunk it? It isn’t the people who work in the industry, but the people — politicians, regulators, activists — who think they can control human behavior with government regulations.

Here.

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