Hedge funds need transparency, not rules

US and EU regulators remain cool on calls for further regulation of the hedge fund sector.

Responding to a question at a session at the Sibos conference, Central Bank News heard Roel Campos, of law firm Cooley Godward Kronish, who stood down as a commissioner after five years at the Securities and Exchanges Commission (SEC) this August, say that "there was no sense at the SEC to come out with a proposal to regulate hedge funds further."

He dismissed regulatory action: "If you have the portfolio

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