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Connecticut Hedge Fund Bill Shelved

On Wall Street – A Connecticut bill that would have imposed transparency and licensing requirements on hedge funds failed to be signed into law Wednesday when the state house of representatives ran out of time to vote on the measure.

The legislature’s special sessions will now focus on the state budget and, therefore, will not be able to address the proposed legislation.

“We’ll have to bring it up again next year,” Ryan Barry, co-chairman of the state house’s joint banks committee and the main supporter of the bill, told Dow Jones.

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