Manager fought SEC and won

Poughkeepsie Journal – Phil Goldstein, who recently forced the Securities and Exchange Commission to stop trying to register hedge funds, is smart and colorful.

Goldstein, 61, just moved his offices from Pleasantville, Suffolk County, to Saddle Brook, N.J. Goldstein and his four associates run three hedge funds under the umbrella name Bulldog Investors.

Bulldog is an appropriate name. A hedge fund is for wealthy investors willing to take unusual risks, such as betting against stocks (selling them short).

Why did Goldstein go after the SEC?

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