US hedge funds worry about expected new rules
Thursday, April 2, 2009 : PermalinkCNN Money – For years, U.S. hedge fund managers have worried that their loosely regulated and secretive industry would one day face tougher regulations.
Now that day seems to be here.
"It was inevitable that this would happen," said Brad Alford, founder of Alpha Capital Management, an advisory firm that invests in hedge funds. "From the time Congress had the industry’s top hedge fund managers testify late last year, we knew something was coming."
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