Monday, November 13, 2006

Hedge Funds Could Face New Limits

The Securities and Exchange Commission will propose rules next month raising asset requirements for investing in hedge funds after one fund, Amaranth Advisers, lost $6.5 billion on bad natural gas trades.
The changes will be proposed to the S.E.C.’s five commissioners at a December meeting in Washington, the agency chairman, Christopher Cox, said yesterday. He did not specify how the agency might limit the pool of hedge-fund investors.

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