Unintended consequences of increased regulation on the table at the Absolute Return Symposium.
|L-R: Bruce Karpati, Michael Neus, Paul Roth, Marina Lewin (moderator). Photo: Axel Dupeux|
There is no punchline.
One of the more somber moments at the Absolute Return Symposium came during the regulation panel, when Bruce Karpati, chief of the asset management unit's enforcement division for the SEC, made clear that he had his eye on hedge funds.
"We went from close to zero cases five years ago to 50 in the last calendar year involving hedge