WASHINGTON – The Bush administration and top financial regulators pledged increased vigilance over hedge funds Thursday but stopped short of proposing any new regulations to control thetrillion-dollar industry.
Instead, the President’s Working Group composed of administration officials and various market regulators put forward a set of guidelines they said would enhance information about the largely secretive investment pools.
“These guidelines should serve as a foundation to enhance vigilance and market discipline further, which will strengthen investor protection and guard against systemic risk,†Treasury Secretary Henry M. Paulson, the head of the working group, said in a statement.
