Treasury Select Committee turns the spotlight on hedge funds

Times Online – They are the financial world’s most secretive and unaccountable men — but also among its wealthiest and most influential. Today, four of the sharpest speculators in the hedge fund industry will be thrust into the spotlight when they appear before a Commons committee to defend themselves.

Christopher Hohn, the multi-millionaire founder of The Children’s Investment (TCI) fund, and Paul Marshall, the City financier who chairs Marshall Wace, will be appearing before the Treasury Select Committee hearing into the banking crisis.

They will be joined by Douglas Shaw, the head of alternatives at BlackRock, the biggest listed asset manager in America, and Stephen Zimmerman, the former Merrill Lynch executive who co-founded NewSmith Capital Partners. John McFall, the MP who chairs the committee, will be in charge of the hearing. Mr McFall, an ally of Gordon Brown, is likely to push his witnesses hard on short-selling.

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