Has the moment for greater UK hedge fund regulation passed?
Tuesday, January 27, 2009 : PermalinkReuters – Tuesday’s grilling of UK hedge fund executives is likely to create plenty of noise but produce little in the way of new rules.
While media-shy TCI founder Chris Hohn and others will face tough questions from the Treasury Select Committee on financial stability, short-selling and other issues, it nevertheless seems that the pro-legislation lobby’s position may be weaker than it has been in recent years.
For one thing, many hedge funds simply do not have the financial clout — and therefore carry the associated risks seen by some politicians — that they once did.
Tags: chris-hohn, clout, financial-stability, founder chris, legislation, mdash, politicians, reuters, tci, treasury select committee
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