Smart investors who pay attention to the rules of the industry realize that hedge funds are already regulated.
Hedge funds are not simple vehicles operated by gunslingers doing whatever they want, whenever they want. Hedge funds are sophisticated investment vehicles that are used by tens of thousands of people around the world to manage trillions of dollars for pension plans, endowments, foundations, and individuals. Would so many people invest in hedge funds if they were really unregulated?
Come on. Enough already!
The reason people invest in hedge funds is because they work. The beauty of the hedge fund industry is that it is actually an asset management business. The managers make money when the fund makes money.
ISBN 13: 9780470745342
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Hedge fund - Wikipedia
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