Washington – The possibility of limiting pension fund involvement in hedge funds was raised last week by legislators and hedge fund industry representatives at a hearing on Capitol Hill on howmuch risk hedge funds pose for financial markets.
Limitation on who gets in [to hedge funds] needs to be reviewed, whether it’s the individual’s net worth standard, whether it’s pension fund management capability†or limits on funds of funds, said Rep. Richard Baker, R-La., summing up comments made at the hearing held by the House Financial Services Committee.
