Hedge Funds

. . . while Goldstein questions industry's stinginess


Phil Goldstein is a bit peeved. The head of Pleasantville, N.Y.-based Bulldog Investors, who beat back the SEC's new hedge fund registration rule by prevailing in his landmark case, Phillip Goldstein, et al v. Securities and Exchange Commission, this summer is wondering where the rest of the industry was while he was fighting, and spending, on their behalf.

"Where are these mega funds, these guys making $100 million in a year?" Goldstein asks. "They're too busy buying Cézannes and Van Goghs. They just like to hide and they're afraid of the government. I think their lawyers tell them 'Don't