Can hedge funds survive onslaught of bureaucrats?

Columnist: chet currier

The looming prospect of government regulation may not be the biggest challenge to the continued success of hedge funds.

A greater threat may come from hedge fund customers - specifically, pension funds and other institutions that have lately developed a taste for this specialised style of investing.

A new pack of proprietors is crowding into the picture too, led by big banks, brokerages and other titans of the financial services establishment. From several directions at once, stand by for the