The odds increase for more and better oversight from the new Congress
By Staff Writer|January 01, 2007 at 07:00 PM
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Although hedge funds dodged the bullet in June, when the U.S. Court of Appeals struck down the ruling that would have required hedge funds to register with the Securities and Exchange Commission, the midterm Democratic victory, coupled with the recent high-profile blowup of energy hedge fund Amaranth Advisors, has once again reenergized critics. Rep. Barney Frank (D-Mass.) is now chairman of the House Financial Services Committee, and given that he has already introduced a bill that would give the SEC the go-ahead to reinstate its hedge fund registration rule, many hedge fund managers worry–and rightly so–that their days of wriggling out of oversight may be coming to an end.
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