Batten down the hatches…
The seas are swelling and getting rough. Over the last few weeks we’ve heard quite a bit about hedge funds blowing up and performance tanking. Frankly, it does not seem to be letting up anytime soon. The news is quite bleak and I know that you are not turning to this blog to hear more […]
It’s The Rules That Get You…
Last week the Securities and Exchange Commission adopted rules that allow it to sue hedge fund managers for “misleading investors.” This is its response to last year’s court ruling throwing out a 2004 registration requirement. After reading about these new rules, I was reminded of a scene in The Untouchables movie between Elliot Ness and […]