Commentary: Let's Shine Some Light On Hedge FundsGary Weiss
It's fast becoming a fading memory. Only a year ago, the financial world was reeling from the meltdown of Long-Term Capital Management. The threat of regulation loomed for hedge funds--unregulated investment partnerships that, like LTCM, often use leverage to boost their returns. But when the smoke cleared, the regulatory response to the LTCM crisis turned out to be a lot of talk, some "working group" studies--and no action.
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