Through a glass, darkly - socially responsible investment and hedge funds

For now we see through a glass, darkly, but then face to face: now I know in part; but then shall I know even as also I am known. 1 Corinthians 13:12

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While the Securities and Exchange Commission (SEC) investigation into Goldman Sachs may be politically motivated, aimed at enhancing the SEC’s position as a tough regulator with further clampdowns on errant banks and built on rather shaky foundations, the fallout for hedge funds could be profound.

Paulson & Co is as close to a hedge fund icon as is possible. Its funds are the Holy Grail for many investors. To be dragged into the spotlight and seen to be doing such borderline sh