October 29, 2006

More Calls for Regulation

-- By Pushpa Sathish, Staff Writer

Following the example set by Senate Finance Committee Chairman Charles Grassley, Treasury Secretary Henry Paulson has called for more protection for hedge fund investors. He stressed on the need to check if funds are transparent in their operations and if they have enough liquidity, especially in the light of what happened at Amaranth Advisors LLC. Bloomberg reports:

The Treasury department is leading a task force that's examining the impact of hedge funds on financial markets. That inquiry also involves the Securities and Exchange Commission, the Federal Reserve and the Commodity Futures Trading Commission.

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