Washington favors vigilance over hedge-fund rules

- Central Banking staff
- 23 Feb 2007

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This article from The Associated Press, published Friday 23 February, looks at comments from officials that increased vigilance, not new rules, is the best way to handle risks in the hedge-fund industry.

"Officials put forward guidelines they said should be followed by fund investors and institutions such as banks and brokerage houses that do business with the funds."

However, the article notes remarks from Connecticut's attorney general that the new guidelines did not adequately protect investors

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