Hank Paulson said so

Hank Paulson, US Treasury Secretary,  proposed a new loose regulatory scheme for the hedge fund industry yesterday to improve the processes and transparency. Among areas include risk, valuation, disclosure, and fraud.

(Source: Associated Press. Washington. “Paulson unveils hedge fund guidelines–Investor group, advisory panel propose ‘best practices’ for fund managers and investors.” 4.15.08)

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