Hedge Funds

Levitt demands more regulation of funds


Former Securities and Exchange Commission chair Arthur Levitt is no longer keeping quiet on the topic of hedge funds. He wants to see them regulated. In a speech in early May, Levitt said the fact that alternative investment funds are starting to reach a wider audience makes a stronger than ever case for compulsory disclosure of portfolio holdings and greater transparency in general. Other advocates for regulation have echoed similar themes and suggested additional measures such as mandatory audits for all hedge funds. Some even want disclosure of short positions held fund managers at the end of fiscal