{"id":9132,"date":"2008-11-14T00:00:00","date_gmt":"2008-11-14T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"soros-falcone-defend-hedge-funds-at-house-hearing","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/soros-falcone-defend-hedge-funds-at-house-hearing.html","title":{"rendered":"Soros, Falcone Defend Hedge Funds at House Hearing"},"content":{"rendered":"<p>Bloomberg &#8211; Hedge-fund managers including George Soros and Philip Falcone, in an unprecedented appearance before Congress, defended their practices and profits while splitting over whether the U.S. should impose stricter regulations.             <\/p>\n<p>&quot;This is not a case where management takes huge bonuses or stock options while the company is failing,&#8221; said Falcone, one of five billionaire investors who testified today before the House Committee on Oversight and Government Reform in Washington.     <\/p>\n<p>Falcone, senior managing director of New York-based Harbinger Capital Partners, urged Congress to require more disclosure by hedge funds, which oversee $1.7 trillion of investments. Soros, founder of Soros Fund Management LLC, cautioned against &#8220;ill-considered&#8221; rules because this industry is reeling from market losses and client defections.     <\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=aXFlt0Ejr_.o&#038;refer=worldwide\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Hedge-fund managers including George Soros and Philip Falcone, in an unprecedented appearance before Congress, defended their practices and profits while splitting over whether the U.S. should impose stricter regulations. &quot;This is not a case where management takes huge [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2214,649,281,3732,2796,3741,276,3733,197,107,277,149,45,1337,886,3740,172,3177,708],"class_list":["post-9132","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bourse","tag-bridget","tag-conglomerate","tag-currents","tag-dealer-operations","tag-dolan","tag-fourth-quarter","tag-house-committee-on-oversight-and-government-reform","tag-housing-market","tag-mistrust","tag-papua-new-guinea","tag-proceeds","tag-regulators","tag-south-korean","tag-takeover","tag-talisman-energy-inc","tag-ty","tag-warren-buffett","tag-working-group"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9132"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9132\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}