Bloomberg – Regulating hedge funds is one thing. Shackling them is another.
It’s difficult to tell which one is the ultimate objective of authorities in the U.S. and Europe as they push for greater oversight of these alternative investment managers.
There are reasons to worry officials will opt for whips and chains.
President Barack Obama last week showed why. Speaking of Chrysler LLC’s bankruptcy filing, he heaped blame on “a group of investment firms and hedge funds.” The funds, the president said, had refused to put wider government and auto-industry interests ahead of their own.
