NEW YORK (CNNMoney.com) – What’s in store for hedge funds in the coming year? How about more money … and more scrutiny from regulators and investors.
Such funds — private investment pools catering to wealthy investors and employing a variety of non-traditional investment strategies — are coming off a so-so year. Nevertheless they remain attractive to investors and institutions looking for better returns amid the uninspiring investment landscape. And with those investors will come the feds.
“You are going to see a lot more SEC investigations of hedge funds and money management organizations in the upcoming year for trading improprieties and things that aren’t kosher,” said Daniel Strachman, principal of New York-based financial services firm Answers & Company Group and the author of “Getting Started in Hedge Funds.”
