Get in line for some ritual bloodletting


By Neil Wilson

Just as the U.S. Congress held hearings late last year regarding the financial crisis, so too has the Treasury Select Committee in the U.K. Parliament - including one on hedge funds. Such an engagement should have provided hedge fund industry leaders with an ideal opportunity to get across some important truths - and assist lawmakers in crafting appropriate legislative responses.

As was the case in Washington, where the session featured luminaries such as George Soros and John Paulson, the London-based industry was represented by heavy hitters, including Paul Marshall, co-founder of Marshall Wace Asset Management; Chris