BusinessWeek – A trade group representing hedge funds spent nearly $1.4 million in the first quarter lobbying federal officials on proposed financial regulations, including stricter oversight of derivatives trading.
The $1.37 million that the Managed Funds Association spent on lobbying was up from the $790,000 that the organization spent in the same quarter a year ago. It also tops the nearly $1.1 million spent in last year’s fourth quarter by the lobbying organization for hedge funds, which cater to institutional investors and wealthy individuals.
