homeWelcome, sign in or click here to subscribe.login
     


 

 

Business



Subscriber content preview

June 30, 2006

All Business: Who's minding the hedge funds? No one

  • Even with the power they wield, hedge funds largely don't have to answer to anyone. That makes them ripe for abuse.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — The wild west of hedge funds lives on. Despite having great sway over financial markets, global economies and corporate decision-making, they still won't be regulated.

    That's because a federal appeals court overturned a rule that would have brought hedge funds under new supervision by the U.S. Securities and Exchange Commission.


     
    . . .


    To read this story in full login or purchase a subscription.



    Previous columns:


    
    Email or user name:
    Password:
     
    Forgot password? Click here.