US hedge fund regulation will “destroy the market”

Author: | Published: 1 Feb 2009

While US hedge fund advisors face registration with the Securities and Exchange Commission later this year, further regulation could force smaller funds out of the market.

Senator Chuck Grassley said he plans to file a new bill based upon an amendment to the Hedge Fund Registration Act that failed when introduced it 2007. Increased scrutiny from the Senate due to the credit crisis and the Bernard Madoff scandal...