Hedge Funds

Congress weighs in on hedge fund debate


In late November, the U.S. House of Representatives passed a bill aimed at broad reforms for the mutual fund industry, including measures intended to end abusive mutual fund timing practices. But tucked away in House Bill 418-2 is language that could have huge implications for the hedge fund landscape. That's because the bill seeks to prohibit mutual fund groups from simultaneously running hedge funds, something sure to raise the ire of mutual funds hoping to offer retail hedge funds. Such a development would also halt the current Securities and Exchange Commission debate over hedge fund regulation, although the