Opinion: Why did G20 focus on hedge funds?

Author: | Published: 1 May 2009
Aima pointed out that there have been almost no hedge fund blow-ups in the past six months

The focus on the regulation of hedge funds at the April 2 G20 meeting in London was odd. They had nothing to do with this financial crisis (despite legitimate concerns about their leverage) and are already being regulated in the world's major jurisdictions.

To the untrained eye, the suggestion has been that hedge funds are not regulated at all. Even worse, that hedge funds were a major cause of the...