Hedge funds

Calls For Mandatory Rules

April 15, 2008 -- "These measures leave hedge funds in a regulatory black hole.

"This plan is one small step when giant strides are needed. The Treasury Department's proposals for greater transparency and risk disclosure must be mandatory or they are meaningless.

Skyscrapers: Photo by Michael Aston (CC)

"Non-binding best practices or voluntary guidelines are an imaginary fence -- and virtual farce: They stop nothing.    » read more »

Ritchie Capital to Pay Nearly $40 Million and Reform Business Practices

New York, NY (February 5, 2008) - New York Attorney General Andrew M. Cuomo today announced a settlement resolving an investigation of hedge fund Ritchie Capital Management’s late trading of mutual fund shares.    » read more »

2007-08-11 -- Focusing on largely unregulated hedge funds and the scandalous practices of unscrupulous sub-prime lenders, Ohio Congressman and Democratic Presidential candidate Dennis Kucinich told a San Francisco audience that the Securities and Exchange Commissions and the Federal Reserve must step up their oversight responsibilities.

In a major economic policy address at the Commonwealth Club yesterday (Friday, August 10), Kucinich also warned that the "debt-financed capitalism" is reaching an economically dangerous level and could lead to a recession.    » read more »

July 11, 2007 -- The Domestic Policy Subcommittee, which has oversight jurisdiction over the Securities and Exchange Commission (SEC), will hold a hearing to examine the possible risks presented to ordinary investors by the recent Blackstone Group L.P. (“Blackstone LP”) and similar upcoming initial public offerings (“IPOs”) of the management entities of hedge funds and private equity funds.    » read more »