Hedge Funds: Prime Villains?

Open Platform

The consensus reached by the Group of 20 (G20) industrial nations at its London summit in early April on how to regulate hedge funds was heartening.

Although there were undoubtedly factions within the G20 who wanted to clamp down aggressively on hedge funds, the summit's final recommended reforms were both limited and justified.

The G20's starting point-that hedge funds are now a sufficiently large part of the global financial infrastructure to pose systemic risk-is a fair assumption, given the

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