Hedge Funds, Buyout Firms Say Regulation Unstoppable

Bloombergb – Hedge funds and private-equity firms, after opposing increased federal oversight for years, said they can’t escape the Obama administration’s plan to include them in an overhaul of U.S. financial regulation.

“We’re not going to be able to stand in the way of that speeding train,” David Rubenstein, co-founder of private-equity firm Carlyle Group, said at a conference in New York yesterday.

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