Securities regulators in New York have 30 hedge funds in their sights, while California regulators are moving to require registration of the unregulated funds -- actions that may only be the beginning of a rocky 2008 for the secretive investment vehicles. With end-of-year withdrawals looming as wealthy clientele ponder pulling out more money as credit markets continue to be squeezed, much more litigation against hedge funds is being predicted.
November 27, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The hedge fund industry is on edge.
Securities regulators in New York have 30 hedge funds in their sights, while California regulators are moving to require registration of the unregulated funds — actions that may only be the beginning of a rocky 2008 for the secretive investment vehicles.
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