The Globe and Mail – For the hedge fund industry, facing the threat of heavy regulation, it comes down to the old maxim: If you want something done right, do it yourself.
Hedge funds were vilified for feeding the U.S. housing bubble, for pushing Europe to the brink of crisis, and pretty much anything else bad that befell investors in the global crisis and since. Even though plenty of hedge funds did nothing wrong, the perception of managers as a bunch of over-levered gamblers put the industry on the regulatory hit list.
