Hartford Courant – Hedge funds generally accept the Obama administration’s proposal to require managers to register with regulators, but want to ensure their information will be kept confidential when Congress acts, the head of the industry’s trade group said Tuesday.
Throwing regulatory reins around hedge funds — the vast pools of capital that largely escape government supervision and draw hundreds of millions of dollars from pension funds, charities, university endowments and wealthy individuals — is a central part of efforts to revamp the system of financial oversight spurred by the global economic crisis.
