Politics & Regulation

Hedge funds in Obamaland

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From the Chrysler bankruptcy to pending regulations, the industry finds itself playing catchup.

From the Chrysler bankruptcy to pending regulations, the industry finds itself playing catchup

By Michelle Celarier

When the Obama administration flexed its political muscles against hedge funds during the Chrysler bankruptcy brouhaha, it came as a rude awakening to many in the industry. The rules of the game appear to be changing - sometimes quite dramatically - on everything from regulating leverage and short sales to bankruptcy and distressed investing. Even as the industry's main lobbying group, the Managed Funds Association, moved finally to embrace registration last month, the political issues