California Proposes Hedge Fund Rule

Not everyone is convinced that California's efforts to better regulate the fast-growing hedge fund industry will not result in hedge funds decamping for another state. Bulldog's [Phillip Goldstein] believes "the state has no good reason to implement this; nothing seems to be broken.&q...

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Bibliographic Details
Published in:Investment management weekly 2007-11, p.1
Main Author: Papini, Jessica
Format: Article
Language:English
Subjects:
Compliance
GDP
Gross Domestic Product
Hedge funds
Investment advisors
Regulation of financial institutions
Online Access:Get full text
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Summary:Not everyone is convinced that California's efforts to better regulate the fast-growing hedge fund industry will not result in hedge funds decamping for another state. Bulldog's [Phillip Goldstein] believes "the state has no good reason to implement this; nothing seems to be broken." As he sees it, "It is pretty easy to relocate a hedge fund. It's really intellectual capital and a bunch of computers."
ISSN:0896-8500